Replies to post #8733 on Direxion Daily Gold Miners Be (DUST)

[littlejohn]

Wall Street is backwards from main street

biz and real purchase objectives...

Took me a long time to learn that and

still rarely do very well with market...

Gold miner pump is planned ahead of time

and nothing matters to it...

As the miners went up the folks who

know its too high have already sold...

So the pushers can continue to move it

higher and maybe catch some nibblers

along the way to unload on...

But they have promos planned to launch

off the miner strength and hustle more

paper with everything looking lovely...

In the miner share prices only...

Oil dropped for a damn year and it had

nothing to do with value of US Dollar...

Australia is barren without mining

industry to help boost economy...

Following article link shows both the

spin on US Dollar to oil price and also

how weak the mining industry reality is...

http://www.bloomberg.com/news/articles/2016-05-02/index-futures-signal-gains-with-japan-shut-aussie-holds-advance?cmpid=yhoo.headline

Japanese economy is in recession mode

with last 2 months data and adding a

likely weak May to it...YEN manipulation

is gonna cripple May even if it drops

like it should to reality...

We know China folks like gold items

like folks in many countries...

We know China has about 700,000 netizens,

internet users, versus about 300 million

US population...

We know gold demand dropped about 24% in

1st quarter versus the year ago quarter...

We know Apple disappointed folks...

So it seems China consumer buying may

be weak no matter what the numbers are...

And we know GDX is a big pump...

But it has little resistance in holders...

Patience is the key when watching it...

And waiting for big China numbers to

give an off load exit...

Refer to above...An off load point

isn't in sight off China data soon...LJ