Direxion Daily Gold Miners Be (DUST)

[Sgreg]

On the website only one thing is listed.

Matter(s) Considered
1. Review and determination by the Board of Governors of the advance and discount rates to be charged by the Federal Reserve Banks.

Yellen last night was not very dovish at all. She was actually sort of hawkish. "We made the right decision in Dec, we will continue and not change coarse, we will continue on path blah blah blah".

Q1 GDP is not going to be very good and corporate earnings are also not going to be good. On the other hand housing has been good. Consumer confidence and spending pretty good. Last 2 jobs reports have been pretty strong and even showed wage growth. Manufacturing upticked finally. Inflation starting to get some legs finally. Not for sure if they cut or raise but all in all I think it is more likely they raise. Maybe they do nothing but why have a non-scheduled meeting to do nothing?

I'm pretty sure this is why miners were up a ton today even though the market was up and gold was flat. Gold bugs speculating disaster and big troubles is cause of this meeting but then again gold bugs are always assuming disaster is looming.

Bottom line all we can do is place bets guessing how it plays out or run for the hills and not be in and wait for it to play out.