Direxion Daily Gold Miners Be (DUST)

[Sgreg]

Gold doesn't matter right now. Over the last month gold is flat. Miners have gone parabolic. If you are in NUGT or mining stocks ride the pump. Just be sure to to dump before they dump on you. The dump is going to be epic.

Yes, I know miners have been doing bad for years now before this pumping campaign. However fundamentals actually justified it. Their balance sheets are bad. Their dividends are tiny. They have enormous debts. Many don't make profits and now the mining sector is 4 times as expensive (earnings ratio wise) as the S&P and people say the S&P is expensive.

Fantastic pump and dump occurring in miners. Look for $23 and make sure GDX gets up past that. If it does keep riding the pump job until $27. Make sure to dump before you get dumped on though.