Direxion Daily Gold Miners Be (DUST)

[Sgreg]

Gold is pretty much flat today. Seeing gold stocks down 3-4% across the board with gold being flat is a very rare event this year.

Keep in mind that Soros dumped the majority of his gold in Q2. He also dumped almost his entire Barrick gold position. He filed reports yesterday.

The FED has little credibility now. I think the movement in gold stocks has more to do with Soros dumping his gold stocks then it does with the FED pretending to be hawkish. That's what I think.