Replies to post #7136 on Direxion Daily Gold Miners Be (DUST)

[Zeroze2002]

I can see why you think that but I think this parabolic move is indicative of money managers who had been underweight in gold reallocating to gold stocks because of the worldwide risks to the financial system. They went in for long term portfolio insurance.

Gold mining companies like newmont Barrick and rand gold have lowered their costs and are getting support from institutions that are hedging their portfolio.

[Zeroze2002]

Definitely money can be made in both directions. You might get your 17 and the dust play will pay off nicely. Then again, if the miners are really going into a fundamentals driven multi year gold bull, tread carefully.