Direxion Daily Gold Miners Be (DUST)

[Sgreg]

Loaded up on JDST around $5.20 which is 10 cents below the close on Friday meanwhile gold is down $30 since then.

Looked at many junior miners and see that they are poorly ran and many are no better then OTC type companies. Lots of dilution, bad debt, bad balance sheets and many are insolvent even with gold at these prices. Many need gold to be $1,500 even $1,600 to make profit. Average junior minor is up 600% this year.

I could get burned bad but I feel reward is worth the risk buying JDST considering what the situation is currently.