Direxion Daily Gold Miners Be (DUST)

[ID Supermoney]

GDX relies on the gold stock particularly GG

If you look at monthly chart it has 2 HUGE supports!!

First one the 200MA at $20.48 and

Second one of the PAR SAR at $21.17!! To flip this one means doom and gloom!! At this stage!!

The third thing that gold is about to do a reversal over the next 2-4 months is the MACD!!! This is about to cross up and rise over the next 1-2 years!!

http://stockcharts.com/h-sc/ui?s=GG&p=M&b=3&g=0&id=p89609801793


Which would make GDX at about $21.50 as a low!!

http://stockcharts.com/h-sc/ui?s=GDX&p=M&b=4&g=0&id=p66908828597


GLTA


ID