Direxion Daily Gold Miners Be (DUST)

[jt6455]

I'm not poking fun...ok maybe I am..but I do understand your rationalization and I apologize for the provocative statement. But this is not a chart play this an economic play of depic proportions.

Gold is in severe backwardation and if you look at the leverage on the COMEX it was 542:1 last week. It averaged 100:1 the last few years while he SGE consistently runs a 1:1 transparent ratio plus it settles and delivers more gold than anywhere in the world

Backwardation -- "By definition, it means that gold delivered to the market is in short supply. The meaning of gold backwardation is that trust in future delivery is scarce. In an ordinary commodity, scarcity of the physical good available for delivery today is resolved by higher prices."

GLTY