Direxion Daily Gold Miners Be (DUST)

[mannken]

ah, the shock reversal

too early to make anything of it, most is likely on the squeeze side in the last 30 mins

maybe that gov data is starting to crack, but of course one of the Fed chairs was out speaking again today, the tango language of rate hike threats that will never happen, they wouldn't be able to service the debt and the jobs number was a sham, supporting the artificial rate threats imo

but I agree with jimmybob's earlier comment, do not trade conspiracy, it's a losing game and no one here can fight Fed and CB trends of shorting gold.

lot's of risk on both sides as JP GDP shrunk again today and JP elections this weekend, I'm still in the eventual gold 1000 camp for other macro reasons but cautious ahead of any a short term gold rally