Direxion Daily Gold Miners Be (DUST)

[Sgreg]

Remember last week I was saying GDX could get as high as $27 or $23 area give or take could be top and I thought it was 50/50. Yea, I still think that. It depends on gold and if it can get up and above $1300.

If gold can't then $23 GDX is the top. If gold gets to $1300 then GDX $23 is justified according to past years. For GDX $27 gold needs to hit $1350.

I'm 50/50 on it right now. Gold isn't going straight to $1350 if it does go up there and GDX is already $23 so I don't see too much more upside in GDX/GDXJ from this point. If GDX were to get to $27 and gold isn't well over $1300 then I'll get my big boy money and load huge into DUST.