Direxion Daily Junior Gold Miners Index Bear 3X Shares (JDST)

[Sendme]

I hear that. Based on the monthly chart, I am going to give it close to 1300. These last small breakouts on JDST/JNUG have not had much follow through. I have been on TVIX lately, got tired of watching the paint dry on the miners. LOL But IF that 1300 gets tapped I will be more interested here again. IMHO the long term charts don't show any true break out just yet and the miners are not very convincing as of lately.


Gold is not out of the woods yet and the dollar has not fallen off the charts yet. The dollar can still hit it's target 106-108 and it could take almost another year. IMHO the monthly dollar chart favors a bull run more than the gold chart does.