For now NUGT remains a very short term play. The
Post# of 28
Posted On: 07/10/2013 1:32:51 PM
For now NUGT remains a very short term play.
The real "crap" will hit the fan when it is not only understood but the consequences of servicing more National Debt from QE are realized by rising interest rates. Tapering or even ending QE (which won't happen, we are too far down the QE road) won't eliminate the massive debt burden from that which has already entered the system. Ironically, Europe is still trying QE. It doesn't work for the LT there and it won't here. There will come a time again when gold is king. It will only matter that a person has powder to get in and work it, not whether they got the perfect bottom...JMO
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