Direxion Daily Gold Miners Be (DUST)

[weazelboy]

I'm not sure what to think about today and the events to follow...

I mean, so many people think it's a foregone conclusion that gold/GDX/NUGT rocket on the announcement and DUST tanks. I just can't help but think that seems too easy!

The last Fed announcement, Janet switched from being Hawkish to Dovish...which is why the huge swing. Everyone is expecting that same swing today. We know there is no rate hike today, but she was already dovish the last go round...I doubt she can get much more dovish again. Otherwise, their entire plan is thrown out the window.

Gold has already set THREE lower highs on the intraday. Almost like they are trying to ramp it before the announcement. I'm torn on what to do. I'm a bit nervous holding into this, but when people start talking like things are a certainty...that makes me question if I really have anything to worry about (as we all know, the market isn't that easy).