Direxion Daily Gold Miners Be (DUST)

[Sgreg]

At this point in time I can't get a good read/projection on gold right here. Oil as well so I took my winnings from my inverse plays from last week (JDST DUST DRIP DWTI). Waiting for now until I can get a better read.

Currently I like AAPL and HBR as intermediate plays. I am watching UVXY close and might enter it again if I see the S&P hit 2100 again. I also kind of like a little medical stock SKLN.

I don't have a good read on GDX or gold right now and so I am on the sidelines and will wait until I can get a better read. My best guess for now is that GDX tries to push to $26/$27 but will not break that huge resistance that will be there. DUST/JDST will begin to come alive ahead of the R/S. GDX/GDXJ will correct strongly (if gold can not reach and hold $1300s) and DUST will run eventually to about $30-$40 and JDST $40-$50 (post R/S).