Direxion Daily Gold Miners Be (DUST)

[Sgreg]

Pump jobs only last for so long. In the last month gold has been flat. For the year miners are up 100-150%. Their charts are way over-bought and are parabolic. Message boards, media, and all else completely falling over themselves pumping miners up with very very little to offer fundamentally why. Newest one is about China, that they are buying mining assets. So what? Everything they touch crashes. For the last month the continued rise in miners is just a pump job. It is becoming the best one I have seen since the great weed pump of 2014.

Pump job isn't over yet so miners probably continue. Last night I had to have a look around and see what was out there. No reason for miners to still be going up. I found my answer. Big fat pump job. It makes since now.