Replies to post #8629 on Direxion Daily Gold Miners Be (DUST)

[Sgreg]

Good post LJ and I liked the egg analogy. You are right that the physical demand for gold is way down and also right about how most junior mining companies are insolvent. One reason I sometimes like JDST over DUST.

Recently gold's rise has been all speculators and the last couple of weeks has been driven completely by the drop in the dollar.

[1~Eye~Jack!!]

~ DUST = Back in @ 1.53!! ;-)

[1~Eye~Jack!!]

~ DUST = WeEEEEEEEeeee!! = 14.91 +2.41 (+19.28%)& RI$ING!!! ;-)

[SILVERISTHENEWGOLD]

Talk about dreamville. That mindset could bankrupt you in the coming years. Although I think short is where it's at for now.
Gold demand this quarter was nearly a record jump up lol. You are looking at just one view of asia.
http://www.resourceinvestor.com/2016/05/16/gold-demand-just-had-its-strongest-ever-first-quarter
Just because they do this rate hike early doesn't mean the next one will be any sooner, especially if markets start dropping. They might not do another one at all.
GDX is roughly at the same prices of the 2008/09 crash. Gold was $800. Now it's $1300. If you look at the historical averages for gold stocks at the $1250/1300 price. Even the $1100 price. GDX can double no problem and still be within the normal range.
Gold miners won't be in trouble until gold hits $800. Good luck.

[RainerRocks]

Gold now at 1261 and slowly climbing up from low of 1255

Dollar still above 95

[1~Eye~Jack!!]

~ DUST = Sold with a VerRry nice Profit!! ;-)

Switched over to NUGT and got in
@ 84!! ;-)