Direxion Daily Gold Miners Be (DUST)

[Sgreg]

I am almost certain that they will not raise rates at this meeting. This is why I am not in DUST/JDST currently because I anticipate a knee jerk reaction when the FED meets, similar to last week for instance when the ECB met. Then from there afterwards I expect miners to have their hard correction.

I expect more then likely a repeat of the same movie we all just saw last week and several times before.

This is becoming too predictable however so it also would not surprise me to see the market throw a curve ball. The curve ball would be for gold/miners to actually fall for once this year when a central bank meets. Every time so far this year miners go up big when a central bank meets. I kind of think they have trained everyone to expect it now. Usually that is when the market throws the curve.

Too many ifs right now so I'm on the sidelines for now. Will wait for FED meeting and subsequent knee jerk reaction.