Direxion Daily Gold Miners Be (DUST)

[RainerRocks]

The market has been strange..market follows oil ,which wasn't the norm ,but these days much more so than not.

Also,there has been a disconnect between GDX and Gold. There were days when gold was clearly in a down trend and GDX in an uptrend and vice a versa.

OK,GDX doesn't follow gold to the T , we know that ,but there has to be some type of coupling or meeting somewhere near. GDX can't keep running while gold staggers behind. So you are correct in that aspect for sure.

So,will gold catch up or will GDX come down somewhere more reasonable.

We'll find out sooner or later.

Anyway, here's what I think the movers and shakers got out of that one sentence.

That Yellen actually doubts her decision and thinks it was too soon to do what she did,but of course she has to defend it, otherwise the markets would go bonkers.

Anyway,I think they think, she isn't going to hike rates this year. Most people thought there would be one in June,now they think not and not possibly until late in the year ,if at all.

No hike anytime soon ,means devalued currency and gold rises.Ok gold isn't running up fast ,but it sure isn't going down. Plus miners always move faster than gold.