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The Fast Money desk is keeping a close eye on a handful of the top performing ETF's. The sharp moves in the turbo-charged gold, silver, energy, small caps, and mining funds all suggest that investors are making big bets on the reflation trade.See what we mean:
ProShares Ultra SilverDirexion Energy Bull 3XGlobal X Silver Miners Direxion Small Cap Bull 3X Market Vectors Junior Gold Miners ETFWhat should you make of this list?These are massive moves, says Brian Kelly. Right now, I’d stay with the momentum. As we move into the end of the year I think there are reasons for markets to melt up.When I see two and three times levered ETFs going up like this it suggests there’s unbridled enthusiasm in the market, counters Steve Cortes. At these prices I’m all out of love. It's one of the reasons I'm broadly skeptical of the rally.
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