Direxion Daily Gold Miners Be (DUST)

[Sgreg]

I agree with you, and I do the same. What I do not understand is the people (and I wasn't talking about you) who pile into mining stocks because they think a market crash is on the horizon. Those mining stocks will get smashed if the market crashes. If they think a crash is coming and they want to be in mining stocks then what actually should be done by them is to actually wait for the crash and then buy mining stocks.

Just like you were saying about what you do. Have cash ready and buy once the crash has made everything extremely cheap. I don't understand why these doom and gloomers think the mining sector will go up huge during a market crash. They never have before and miners actually crash hard themselves.

Some might say, well miners did great between 2009 and 2012. Yes they did but the market was kicking but at that time. It was not crashing. The last miner bull run coincided with the start of the market bull run. The last major miner crash coincided with the last market crash. Miners are not hedges against the market. They are part of the market. Sure miners and the overall market can and do move in opposite directions at times but all sectors do that from time to time. Miners probably do it more so but miners have and will follow BIG overall market moves like crashes.