Direxion Daily Gold Miners Be (DUST)

[littlejohn]

April +3.4% on Durable Good Orders numbers

was a good number for the month...

http://www.tradingeconomics.com/united-states/durable-goods-orders

It may show good April sales are leading

to some inventory restocking...

After that its harder to find as much

good to support rate hike...

US manufacturing PMI at 50.5 for May

was low and still in downtrend...

http://www.tradingeconomics.com/united-states/manufacturing-pmi

PMI may pick up in June numbers but then

you need another positive Durable Good

Orders number for May to give the

sign of 3 months in a row of growth

to signal expansion mode for economy...

Dallas activity numbers have been off

thru April numbers...off is polite...

http://www.tradingeconomics.com/united-states/dallas-fed-manufacturing-index-

Is that FED member supporting rate

hike?...if so, lenders need it...

NY activity numbers have been off

thru new May numbers...

http://www.tradingeconomics.com/united-states/ny-empire-state-manufacturing-index

NY Fed member has been supporting rate

hike recently if data supports it...

Does he have a crystal ball to know

next month numbers will improve?...

Or do lenders need the rate hike?...

Let me sum up my estimate...

If the US PMI numbers don't start

improving, then some workers rallying

outside McDonald's headquarters for

higher minimum wage, may get to rally

outside another employer headquarters...

So we wait on May numbers in June...LJ