Direxion Daily Gold Miners Be (DUST)

[str8_chuter]

Been out of touch for several days. Got online yesterday to see the carnage. No idea what happened but could not buy JDST fast enough in 11.80's. Gaps at 15.27 and 20.22 to be filled on the upside.

This move in $GOLD smells like short covering. Maybe tied to the audits at Chinese ports. Nothing has changed with the long-term chart on $GOLD, still in a bear market that will take more time to resolve.

Good move shorting NUGT in the 43's. Why not simply buy DUST instead?