Replies to post #1285 on Direxion Daily Junior Gold Miners Index Bear 3X Sh (JDST)

[CowBoE]

As long as oil tanks hard, gold will be pressured in sympathy.

Since OPEC is not motivated to hold up the oil price,
I think the free fall may continue.

Some are calling for $40 as the oil bottom...but that's similar to
$800 to $1000 bottom for gold. Could happen, but the longer the
gold stays near $1200, $1000 or lower bottom doesn't appear likely.

So I think similar could occur with oil. People are calling for $40
oil, but it may find support at $50, and its only few bucks from there.

I'm waiting for oil to get just little bit more closer to $50,
and then I like to play the call option on oil and also
consider NUGT/JNUG.

JNUG @2.00 is not a bad entry to try, as long as you have stop limit
at .05 or .10 cents below.