Gold Miners Acting Well... $GDX $NUGT

$NUGT is acting extremely well, which makes sense (as much as anything does these days) because if all of the world's central banks are reverting back to intensive easy money practices to support global growth, then the escape valve is higher prices (inflation). This is not the first time we have suspected this scenario, but it is the first time NUGT's technical set up is on the verge of inflicting serious damage to its Sept. 2017-February 2019 downtrend... Last is 20.23/24

2 14 NUGT 2 PM GIF
2 14 NUGT 2 PM GIF

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