Direxion Daily Gold Miners Be (DUST)

[Sgreg]

Earnings reports by mining companies will be bad, they are always bad, they are crap companies for the most part and many are insolvent. There are a few pretty good companies but majority are crap. Only one that might report good earnings is Newmont.

ECB meeting tomorrow is the only reason I sold and only did so out of caution but it is past due time that the trade go the other way for once when there is one of these central bank events. I have a feeling it is possible that the ECB meeting drops miners tomorrow instead of what usually happens.