Direxion Daily Gold Miners Be (DUST)

[Sgreg]

Not talking about in January or February but since then miners have gone way up as if gold is has gone way up. Gold has been sideways for over a month now. Miners are way up as if gold had been doing the same. Gold had better actually get moving up and over $1300.

I don't know for sure if GDX drops to $17. It depends on gold. What I do know is that miners have gone way way way up lately while gold hasn't done squat so if gold continues to do squat then the pump job of miners is going to turn into the second phase of a pump and dump IMO.

If gold can't get to $1300 within a month then yes I think GDX drops down to $17 after. IF gold gets moving then the GDX correction will only be done to $20.

Everyone who says buy miners right now is giving a promise that gold will get and stay over $1300 and higher. Alright so the promise is out there. It better be delivered or dump phase will visit the miners.