Direxion Daily Gold Miners Be (DUST)

[Hei5enberg]

Hello how are you doing? I'm glad that finally gold is on bloodbath and GDX too, but be aware of the $22 area on GDX, there is a weekly MA50 at $21.6 and that area was resistance last year, and everything that get oversold you know that shoot buying opportunity no matter what.....IMO if they brake that level is the confirmation of the bear market on gold/miners....the eyes is now in OIL that should be going up and brake the $52 area....

P.S: GDX have DMA200 at $23 and shouldn't be easy to brake...remember is GDX and GOLD, they always win...yesterday was a extremely very good day to watch on GDX and the candle was by the book, the open price and high price yesterday was the same and almost the same with low and close price, beautiful thing to watch it was the perfect bear red candle with highest volume ever, the big boys could release their shares on miners, lets hope on that, anyway i'm out of DUST weeks ago with 60% lost, so enjoy your ride...