Direxion Daily Gold Miners Be (DUST)

[ClayTrader]

* * $DUST Video Chart 07-31-2019 * *

Link to Video - click here to watch the technical chart video

[Captainandy]

#DUST: Looking for that NWO smack down of #GOLD... $8.23

[ClayTrader]

* * $DUST Video Chart 07-25-2019 * *

Link to Video - click here to watch the technical chart video

[ClayTrader]

* * $DUST Video Chart 07-18-2019 * *

Link to Video - click here to watch the technical chart video

[ProfitSnatcher]

WB knows his stuff. But I have seen the rug pulled out of NUGT many times before.

This won’t last much longer.

[Eagleize]

I’m in. Don’t listen to Weazelboy over on NUGT. Gold bout to crash.

[ProfitSnatcher]

I’m in. Bought more at $9.55. Cost basis is now at $12.27.

I’m comfortable that this will not hold up much longer.

Not going to chase that’s for sure.

[wilsons]

Anyone in?

[ProfitSnatcher]

Crickets in here.....

[ProfitSnatcher]

Everyone is avoiding DUST. I’m loading up.

[FatStrat]

Out at $12.31 with great hesitation. Should have more in it but I can’t watch all day and have to take profits.

[FatStrat]

Got some at 11.29, you can bet on gold to the moon now lol.

[ProfitSnatcher]

All loaded up on DUST. Sleeping like a baby now:)

[ProfitSnatcher]

Loading up down here.

[ProfitSnatcher]

May be a good day tomorrow for DUST.

[Rogue9999]

Bought some 14.75s and 16.06 to average into 15.70s. Looking for a trend reversal. GDX hit upward target of 23.60s. Hope GDX to 21.90s. Have to check chart on exact number in the 21s though.

[Natureboy1]

Looking good here today!

[slmlrd]

Where do we open today? My bet is 17.

[slmlrd]

Prosnatcher we may have hit the bottom. I’m ready to pound some real dirt into those loud mouthed pinheads over at nugt.

[ProfitSnatcher]

Loaded some before that price point. Now waiting for it to break $15.

But have a very nice pps right now.

[slmlrd]

It hit 16.06 today. I hope u r loaded and prepared to move quickly.

[ProfitSnatcher]

Buying a ton when this hits $16.50 again.

[DBS]

Thought you might like this...

This guy is pretty good and he has a new video every Weds.

GL

[slmlrd]

Well, it’s like clockwork.

[slmlrd]

I as well.

[nssrr5]

And I am getting close to buying all I can!

[slmlrd]

I think this turd is shot out! Hence, that when it will rally’!!!

[SPARK]

DUST..little morning action comin?~

[SPARK]

Nice morning move~

[Ican]

It'll send it to single digits $$9$$ . Strong sell

[JRT]

What’s China truce going to do here? Still holding a little dust

[Golden Cross]

Looks like rebound time here

[Benwahsauce]

Dust dec/Jan calls?

[JRT]

Time to add. Gold is such a fickle mistress

[DarkPool]

Lmao oops!

[GoGold]

Watch your head as JDST and DUST sky rockets as the dollar goes up. Lol

People have no where else to hide their money than in dollar - EU GDP down, EM in turmoil, Yuan depreciating. Oil going down due to global slowdown. Where else would they go but to the dollar!

Deja Vu 1997 EM financial crisis!

[GoGold]

Today is a classic case of pump and dump by gold bugs. How can Gold go up when dollar is significantly up, oil is down and interest rates are sure to go up?
The only reason I can think of is due to Divali in India otherwise it doesn’t add up why gold is up.

[GoGold]

Hope you are right.

[nssrr5]

This is about to become a good buy again!

[GoGold]

More pain to come for gold when Fed raises rates again in December, dollar further gets stronger and the Asians have to cover their sovereign debt by selling gold. Deja Vu - Asian financial crisis of 1997-1998.

[str8_chuter]

$USD up BIG this AM.

No surprise that gold is getting clubbed. Trading below 1190.

DUST up over 4% PM.

[str8_chuter]

The daily GDX chart surely should have tipped off folks to today's drop. Back-to-back black candles. Ugly.

GDX wrapped up a counter trend rally, the downtrend continues.

DUST found its footing at the 45-day MA, the uptrend continues.

[BottomBounce]

$DUST sell off

[str8_chuter]

Gold had another miserable week but that didn't stop GDX from putting in a positive week.

GDX vaulted almost 2 bucks from last week's low but the technicals on the chart still moribund. On the daily chart, CCI could not break above 100. MACD improved but still in negative territory. On the weekly chart, still couldn't take out the 9-week MA. Looks like a counter trend rally.

$GOLD went nowhere, gaining a whopping 20 cents for the week. On the weekly chart, still stuck below the 9-week MA.

The $USD index finally caught a bid today after a rough two weeks. Bounced off the lower BB today on the daily chart but folks need to get a grip on the "dollar weakness" headlines. The index has been stuck in a trading range since May. Next week brings another Fed hike so perhaps the dollar turns north here.

Rough week for DUST but note that it bounced off the 45-day MA on Thurs.

[GoGold]

It will be interesting to hear Powell talk about potential December rate hike in the month end meeting. Gold and GDX might not stay range bound after that news.

[str8_chuter]

Both $GOLD and GDX got a violent counter-trend rally on Wed that ran right into resistance on Thurs and then collapsed on Fri.

On the daily chart, $GOLD hit resistance at the 45-day MA Thurs. Closed the week below the 9-day MA. Support at 1200 and 1192.

On the daily chart, GDX broke thru resistance at 18.15 (the August low) on Wed but couldn't sustain it. Dropped decisively below again on Thurs. Closed the week back below that psychological support of 18. Support at the 9-day MA (currently 17.89) and then the lower BB (currently 17.37).

On the weekly chart, $GOLD has stiff resistance at the 9-week MA, currently 1211. Support levels at 1200, 1192 and then the lower BB, currently at 1167.

On the weekly chart, GDX has fallen down and can't get back up. Technical indicators look dreadful. Money flow remains anemic. CCI hasn't been above the zero line since early July and hasn't breached the 100 level since way back in January. MACD continues its steady decline.

DUST bounced off the middle BB this week. Resistance at the 9-day MA, currently 44, and then the upper BB, currently 47.

What should be most concerning to gold bulls is the fact that the $USD index has remained pretty much range-bound for a month now.

[slmlrd]

About time! Sgt. JBone must be disgusted...

[str8_chuter]

GDX has rallied twice this morning up to resistance area at 18.15 and been soundly rejected both times. Has become formidable resistance.

$GOLD has also attempted to rally but the 9-day MA acts like a magnet to pull it back down again.

[GoGold]

Thanks for the info

[Lion33]

Probably about $150 or a little more for a forward split. Still a ways away.