Direxion Daily Gold Miners Be (DUST)

[Sgreg]

Yes, same for me. I have a lot of profit from UWTI. Here I am under on my last trade but the previous 8 I had here were winners so it isn't a big deal. Can't win them all.

This is the part that has to be figured out. We know the mining sector is having a pumping campaign. When will it end though, that is the key.

You are right about the China story. That is what I was saying. None of that is really new and even so it is fluff. China buying mining assets still doesn't take away from the real fundamentals. The real fundamentals if anyone looks at them show mining companies have bad fundamentals for the litany of reasons I have stated before. Besides anything China touches just crashes anyway lol.

Alright, from my experience I'd say since the pumping is right now fixated around April 19th because of "a big hedge fund will be buying on the 19th" and then "the China thing" also on the 19th they are setting that up as the big grand day that miners "really start their run" even though they are already up 150% in 3 months. I'd keep my eye on the 19th for the opposite and see if that is when the real dumping begins. Most likely so IMO.

Can they get GDX up to $27 before the 19th, not sure, or can they keep GDX at least elevated at $23 by the 19th, also not sure. Circle the 19th though because if the pumping squad is fixated on that then most likely it is important but usually for an opposite reason.