Replies to post #6235 on Direxion Daily Gold Miners Be (DUST)

[littlejohn]

Gold dropped from about 1290 to about 1220

since early/mid March while paper churning

of DUST seems to have accelerated...

Its not about chasing mining company debt

higher with DUST, its supposed to be

3 times the opposite...

Chart links,2 month, of Gold and Dust...

http://www.barchart.com/chart.php?sym=GCM16&style=technical&template=&p=DO&d=L&sd=&ed=&size=M&log=0&t=BAR&v=2&g=1&evnt=1&late=1&o1=&o2=&o3=&sh=100&indicators=&addindicator=&submitted=1&fpage=&txtDate=#jump

http://www.barchart.com/chart.php?sym=DUST&style=technical&template=&p=DO&d=L&sd=&ed=&size=M&log=0&t=BAR&v=2&g=1&evnt=1&late=1&o1=&o2=&o3=&sh=100&indicators=&addindicator=&submitted=1&fpage=&txtDate=#jump

Arbitrage suggest that something doesn't

look right in the DUST pricing versus the

Gold price retreat since mid March peaks...

All the paper markets did well in March...

//Is it normal for DUST to lag while waiting

for mining company paper prices to retreat

to a lower price gold potential scenario?...//

The early February,2016 gap of gold from

1141 close to 1142 open also correlates

with timing of gap down on Dust from about

$10 to about $9...rough numbers on each...

So,if you believe in charts filling gaps

then the earlier question seems important...LJ