Replies to post #1749 on Direxion Daily Gold Miners Be (DUST)

[Nightridertwou]

Yes DUST has been the play for the last month and will continue to be in the short term. I look to see gold drop between now and tomorrow morning. If gold had stayed under that 1300 number DUST would have done even better and as long as GDX keeps falling DUST should regain the momentum it had and push towards 27-30. GLTY

[lifter]

this is a huge fight for gdx trying to get above or stay above many moving averages. I count 10 breaches of 20 and 200 sma in recent sessions. any close under 200 day makes it more likely to test 100 day sooner rather than later. Too bad you cant sell covered calls to negate decay.