Rate Rout Hits Gold, Direxion Shares Exchange Traded Fund Trust (NYSEARCA:NUGT)

Rate Rout Hits Gold, Direxion Shares Exchange Traded Fund Trust (NYSEARCA:NUGT)

Direxion Shares Exchange Traded Fund Trust ( NYSEARCA:NUGT) has been soaring lately on rumors that the Federal Reserve might not go ahead with a September rate hike. However, it appears that the previous reality of a rate hike will set as news emerged over the weekend that the Fed will go ahead with its plan to raise interest rates. Stanley Fischer, Vice Chairmen of the fed gave this hint while he was on a panel at the Kansas City Fed’s Economic Symposium in Jackson Hole, Wyoming. Continue Reading

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