Direxion Daily Gold Miners Be (DUST)

[Sgreg]

Gold to $1300? Yet again it can't hold $1264. How many rejections is that?

Miners continue parabolic run as if gold is actually well over $1300 though. Doesn't smell right.

"Gold will be well over $1300, it will happen" Well I have been waiting and nothing. For 6 weeks now nothing and as time goes on economy looks better and jobless claims keep falling and stock market will probably hit a new all time high. I think gold has had many chances to get to $1300. It failed, that's what it looks like to me.

China fix thing. I don't care, really I don't. The people who buy over at the China exchange can't even take the gold out of country. It is a closed system. They can't dominate anything if their own system is closed. Typical China fashion though. Also they can't afford to back their currency by gold. China is more broke then even the US and further in debt as compared to GDP. China has problems, a lot of problems and a giant credit bubble. I don't care what they do with their gold in their closed system. Everything they touch crashes anyway. Dollar is "worthless" no the Yuan is worthless. I don't care what it is "backed" by in some scam charade of a closed communist system.

Why are miners still going up? O yes China will dominate world gold market, BS! O yes gold is going to $1350, BS so far. Been waiting, it can't even get passed $1264.

Too much BS being spewed in the miner sector. I think I'm buying back in DUST/JDST soon.