Replies to post #2636 on Direxion Daily Gold Miners Be (DUST)

[AugustaFriends]

If you really think JR and JNUG will rise - I would not buy DUST - as it may come down.

In your scenario you might break even. I am loading on Gold Miners 10 of them and do expect a 2015 turn north for Gold. I am flipping too to maximize my gains .

[jimmybob]

ill take a look.. get you my thoughts tonight or tomorrow sorry for delay busy ~ ~:*(

[jimmybob]

Im a gold bear.. think it hits $1100 before the year is out, think it hits $1000 in 2015, and remains somewhat weak after that...

What are your reasons for being bullish Gold? Inflation? Demand? Flight to Safety trade? Weakened USD? Fiat Currency issues?

Questions I ask myself: what warranted the run up of Gold from $800 to $1900 from 2009 to 2011? Why?

Anyway, i have written quite a bit about why I thought GOLD and SILVER would sell off in 2013 :

But things have started to change recently. The concerns of a collapse in the Eurozone in 2011 are replaced by promises of the ECB to do whatever it needs to do to preserve the Euro. The USD is much stronger then in 2011, and the feared runaway inflation event has not happened and possibly the reverse could be happening, as their are now concerns of possible deflation. The U.S. economy is showing signs of recovery. The global financial collapse that was coming… the one that had folks clamoring for safe haven assets, is not happening. So WHAT HAS CHANGED SINCE 2009 to warrant the current 250% price increase in silver?

Cumulative inflation since 2009 is under 10%, meaning the price of silver adjusted for inflation should near $10. So is it demand that adds the extra $14 to the price of Silver since 2009? One would think so, as the Silver Coin has been met with record demand this year. But to me that is just typical of what this market does to folks. The ones who watch the commercials and TV ads entitled “With Gold at Historical Levels, now is the time to get in before it goes to $2000? , promising huge returns for those who are in early on this Gold and Silver rally. And unfortunately those will be the folks holding the bag when Silver is back under $10.

http://www.optionmillionaires.com/silver-ready-for-next-leg-to-the-downside/

And why I like DUST now : http://www.optionmillionaires.com/dust-blow-top-coming-explosion-variety/


You have to make up your own mind, have your thesis , and then become convicted in your position with an entry and exit strategy. Market has buyers and sellers.. Its a good thing people are on different sides of the fence...

Last but not least, I trade options as an aggressive money making strategy.. My time horizon is short.. days... weeks... Your may be much different... so hard for me to say if your insight is sound or not..

best of luck to you!

- JB

[JohnCM]

ALEXCO RESOURCE
SILVERCORP
B2GOLD
KINROSS GOLD
YAMANA GOLD

That's a good list

you could consider

SAND
EXK
CDE
IAG