Direxion Daily Gold Miners Be (DUST)

[mannken]

Back to DOW/Gold ratio

and why I'm being further convinced that Gold 1207 low on 24Sept could be the low off the 1200 support line, that's of course if Gold makes a short term run. I still have a channel read of 1190 descending support, but I'm questioning that target now.

The ratio ticked up today 2/10th to 14.05 (noise), but the MACD has just crossed under, and the Trix is near convergence on a cross under. I find these 2 indicators quite accurate most of the time, and they can lead by several days.

Tomorrow will be a pivot day IMO, The DOW/Gold ratio is speaking, if truthful (lol), then we should see either DJI sell off, Gold climb, or both in the next several days.

The wildcard is DXY !