Replies to post #1792 on Direxion Daily Gold Miners Be (DUST)

[123tom]

It would be great fun guessing where GDX and metals and miners are going ,fun if only there wasn't a lot of money to lose.

If I had to guess right now, based on the chart and all the bells and whistles ,I think GDX will test the 50 ma around 25. might even reach 26, but somewhere in that area will fail and get hammered down thru the summer, hanging around 20-22 area. like a defeated fighter worn out and ready to give up.

But if the geopolitical chaos makes gold start getting away from the manipulators,and gold hits 1400 and stays above 1350, then maybe GDX can hang above the 50 and 200 ma's

Remember what happened last year. and how that July/August rally was taken all the way back down to the 2013 bottom zone again.in metals to a double bottom and GDX to a Lower low.