Mike's Mid Day Minute is available to members on Monday, Wednesday & Friday evenings, with one article per week available to non-members. Members please login and see "Mike's Mid Day Minute" in the navigation menu towards the top of the page.

The Miners are Bid! Flight to Safety or Scooping an Under-Owned and Despised Asset Class, or Both?


During the past 10 days, the Direxion Daily Gold Miners Bull 3X ETF (NUGT) has climbed from 3.13 to today's high at 4.95-- a climb of 58%-- and in the process, has hurdled a key, near-term resistance level at 3.70-4.10 that has inflicted significant damage to the otherwise dominant downtrend.

Let's notice that today's strength has taken out the prior high of 4.81 (Aug 12), and is poised for upside continuation towards 5.25 next, at which time, all of the action since mid-July will have carved out an impressive rounded base formation in The Miners.

  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!