Direxion Daily Gold Miners Be (DUST)

[Sgreg]

It is going to depend on gold how your trade ends up looking. If gold ever gets its butt up to $1300 then GDX will go to $27 probably and the bloodbath in DUST/JDST would be even worse. If gold can't then there is zero reason why miners (GDX) should go any higher (they shouldn't be this high right now anyway). If by some absurdity GDX is actually able to go to $27 without gold even getting over $1300 then it will correct very hard down to $17-19 afterwards IMO.

Take care guys, will talk later, signing off for the night.