Direxion Daily Gold Miners Be (DUST)

[risk on]

Agree, this decline in DUST is only temp, ( couple more days at most) . On almost every fractal time frame it's almost back to the oversold range, and solidly in that range in a couple metrics. If there is a continued temp decline, I will keep loading sept calls, reducing my strike price directly w the pps decline . The angst created in the markets is about done. No matter what continues on in Israel or Ukraine. Markets are much more apathetic to geopolitical concerns as they once were. And the declines caused by said don't last that long at all. Ignorance is bliss it seems, and volatility is gone, for now.

There will be a correction, possibly major , coming. IMO, it will be the overall horrid economic realization that sparks it. That seminal moment could be coming w the second Q GDP report to be issued later this week.