Replies to post #1906 on Direxion Daily Gold Miners Be (DUST)

[sumotrader]

DUST closed at 15.26, a 50% retracement from it's recent high on May 29th. RSI in oversold territory at 27+- and GDX is overdue for a leg down IMO.

The only tailwind I see for Gold would be the tension between Israel and Hamas. Israeli PM's have a habit of taking retaliatory measures against the advise of their Western allies.

I'll keep the stops tighter than normal.

Good luck,

Sumo

[lifter]

etrade let me short nugt this am but not jnug. I will call to see if they can find shorts for jnug. I only got 100 at 52.78