Replies to post #2566 on Direxion Daily Gold Miners Be (DUST)

[mannken]

I meant the same

That's if DXY keeps pushing, as the driving force in gold falling, then the dow/gold ratio indicators probably won't have much influence trying to feel for a turning point in a gold bounce.

Technically, DXY could climb, Gold sideways and DJI fall, the ratio would still come down as an appearance of a asset class shift, but deceitfully nullifying the ratio chart theory for use in short term Gold bottom fishing.

I put more weight into DXY than the ratio, but I'm tracking the ratio for study and future use.

More than likely I will start scaling long Nugt tomorrow, see how your low 24's call holds up in the bank! :D