Replies to post #3426 on Direxion Daily Junior Gold Miners Index Bear 3X Sh (JDST)

[THREE-DAY-TRADER]

.01 isn't really off in terms of making a basis for area on a trade. 1.80 area is approx where it is holding at so far at mid-day now. Good job on that.
Perhaps you will get that 1.80 or lower today. It would be typical for this to melt down to new lows at end of day.

And that said--- It's certainly possible a temporary short term resistance on Gold happens @ 1300 approx.
But like I said earlier, $Gold has weak $USD right now & fear factor (again as risk aversion from stocks) helping it all at same time, so people shouldn't under estimate $Gold's ability to move up.