Direxion Daily Gold Miners Be (DUST)

[Sgreg]

You don't see that giant HUGE drop in the GDX from March 2008 until late Oct 2008? GDX went from something like $55 down to as low as $15.

Yea from there it went up as it went up with the market. The mining sector is actually a forward indicator.

It crashed with the market back then and then recovered with the market.

What you just posted is the recovery of the mining sector from the market crash. Tell the whole story and post what the sector did before it went from $16 all the way to $66.

March 2008 to Nov 2008 GDX fell (crashed) from $55 down to $15. The market began its crash in Oct 2007 and got worse in May/June 2008 and accelerated in September 2008.

GDX was no "hedge" it got the snot kicked out of it.

When the market crashes miners are one of the first sectors to crash. They are also one of the first to recover. During a market crash you aren't going to have all the sectors crashing and then recovering at the same time. GDX and miners crashed hard in 2008 and that is a fact and they did so in line and in proximity with the market crash.