Direxion Daily Gold Miners Be (DUST)

[Sgreg]

Yes, I think it is possible for the GDX to get up to $27. Pumping campaigns are very effective and they work. I am not part of the "pumping" and as such have no real idea how far they want to take it.

Look at a two year chart of GDX. You will see almost a perfect W. At what leg does this W end from levels from before. Right now it is at the $23 level. If GDX gets past that then yes the next level for that W would be $27. If they are able to pull that off though at that time it would most likely be all used up. They are down to pumping fluff stuff now. By then there won't even be fluff stuff and the mining sector will be at earnings ratios of 100 which is really unbelievable.

Equilibrium will have to balance out eventually. Does it happen sooner or later I do not know, sorry.