Direxion Daily Gold Miners Be (DUST)

[mannken]

Good points

A bullish case for Gold does not have a lot going for it, if an economic numbers bomb dropped on the US economy (which I personally think, if occurred, is less likely to have a major correction, rather a mild correction because of the Fed and political influences to keep the markets moving through all means necessary.

If an economic numbers bomb does occur, and caused a major correction, bye to the thought of higher interest rates anytime soon which works against gold as the flight would be to T-bills/bonds IMO.

Since you mention equity markets being more apathetic to geopolitical concerns, I totally agree, it would have to be an extraordinary event, a nuke incident, or something that would crush the markets and make gold run to insane levels.

Off geo,eco, generalization comments above, I do believe in moving averages and believe Dust will work its way back to the 50MA, just a matter of trying to get best entry while exercising patience and discipline.