Direxion Daily Gold Miners Be (DUST)

[Sgreg]

That sounds like a very good plan actually. I think that will probably work out pretty well for you. I also believe there is one more gasp for GDX (miners) before they really selloff. DUST might hit $3 or just under one more time and yes I also like your "long" target of about 6 bucks once DUST gets its counter trend rally.

DUST chart is turning bullish slowly. RSI is now above 40. Bullish divergence showing on many indicators. More importantly GDX struggling to keep RSI above 50. Been over 50 for 3 months or something. GDX is teetering and GDX indicators are getting bearish and have bearish divergence.

I believe GDX gets over $20 one last time and then after that sets coarse for $17 land maybe a little lower, no lower then $15 I don't think and then it will have had its proper correction.