Direxion Daily Gold Miners Be (DUST)

[Sgreg]

It isn't just a gold rally. Silver, aluminum, steel etc etc, every metal up huge since February. I have caught some of that because I was in US Steel (X) and Alcoa (AA). Charts are almost identical to gold miners. Also was in a little penny stock SMPR which turned into a 20 bagger. I was posting on that message board back in December when it was at bottom. It was funny as I was the only one there while the stock was running up giant. One other guy finally showed up after while and posted also.

It isn't just a metals rally either though. All commodities are in a big rally. Actual demand however and puny global growth says the big commodities rally isn't sustainable.

Speculators decided it was time for a major commodities rally. Maybe global growth will pick up a lot, who knows, maybe China's big time credit infused pump is working, maybe Japan and Europe can get away from being close to deflation, maybe US will be OK even though consumers are not spending. Who knows, but the speculators have commodities in a huge rally as if the global economy is about to bust out and that is the bottom line. This whole thing isn't just gold. It is way bigger.