Direxion Daily Gold Miners Index Bull 2X Shares (ARCA: NUGT) has surged about 33% since Feb. 28, propelled by the price of spot gold, which has closed at a new all-time high each day this week. On Friday, gold reached the $2,195 level on Monday, causing its relative strength index to continue climbing well into overbought territory. Once the commodity enters a consolidation phase, further bullish momentum is likely to trickle down into the gold mining sector, beginning with large-cap companies and eventually flowing through into juniors. Must Read: Asia Up, Europe Markets Down, Gold Hovers Nea…
