John Hood Direxion Gold Miners Bull 3X NUGT-N DON'T BUY Oct 31, 2014

Gold. Has been bottoming. Established an uptrend; established a breakout. Has an upward trend. It is out-performing the market. A leveraged security so it is a lot more volatile (3 times). A daily play. Prefers GDX-T

A 3 time leveraged ETF has got an enormous cost borne just to keep rebalancing the portfolio every night. If you are going to trade these, they are a 1, 2 or 3 day trade. Why not just buy a Call option on the index or a couple of Call option on a couple of gold miners that you like. It’s the same leverage and at least you have limited risks.

Run for the hills. Don't touch it. It's a leveraged one. You can still be on the right side of the trade, but you can still lose money--these are one-week holds. Don't hold them any longer.