Direxion Daily Gold Miners Be (DUST)

[mannken]

A sea of red

http://finviz.com/futures.ashx

Unless of course you like chocolate
http://finviz.com/futures_charts.ashx?t=CC

As long as the US keeps exporting inflation and other countries continue to need petro dollars, global deflation will not curb anytime soon IMO.

Petro dollars are recycled back into T-bills and bonds by other countries keeping rates in a downward spiral.

Eventually, one of these years, there might be a tipping point when other countries find a means to bypass US imported inflation. Very complex subject for sure!

The QE musical chairs has just begun, which country is next after UK?

My intuition on miners and gold:

Gold will continue a spiral down until it gets to a price that creates a public buying frenzy that will be short lived, because the bigger economic structural elements suppressing it will continue for quite some time.

Miners at some point will decouple from gold's downtrend based on a notion of gold production costs exceeding the value of spot, which will take out the small players, the big players will become more efficient at production costs and speculative dollars taken out of the small players will move over to the big players, or supply/demand contraction.