Direxion Daily Gold Miners Be (DUST)

[Sgreg]

Look, first I was no where around months ago. I don't know who you are talking about when you say back when nugt was $18. I sure as heck was not hanging around here saying don't buy nugt. It was a very good buy back then. I would not have said different back then.

Second, you keep talking about the gold trade. I'm talking about the miner trade. They are different. I can be bearish on miners for the very many reasons I stated and not at all bearish on gold and silver.

Third, I'm not going to sit here and argue with anyone what the performance of miners is when the market crashes. It is right there in everyone's face. They do horrendous. They crash with the market. Yea, I would rather be in cash during a crash then be in miners and get the crap kicked out of me.

Fourth I am playing DUST. That is a play against miners. I am betting against miners. A straight bet against gold is not the play I am making nor is it the play that DUST provides. DUST is a straight up play against miners. Yes I think miners go down and for the reasons/scenarios I have posted. Gold, I didn't say anything about that. It is actually a different trade even though most don't realize it.