Replies to post #3252 on Direxion Daily Junior Gold Miners Index Bear 3X Sh (JDST)

[THREE-DAY-TRADER]

The jobs report gave JDST a boost.
It could've easily gone the other way however; As data leading up to today was suggesting a weaker jobs #. So the # today surprised the market and hurt Gold, & strengthened the $USD.
Next question however, is if this rally on JDSt is sustainable. It could be,
Gold next target could be 1190 area (as a Fibonacci retracement from former highs)

[cashbyers]

Should have maybe took some profits this morning, but this is still a longer hold trade. GDX still consolidating lower and in current downtrend

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