Replies to post #9771 on Direxion Daily Junior Gold Miners Index Bull 2X Sh (JNUG)

[jboatswain]

Either day trade or short or JDST until June 30, since tutes and retail are not buying GDXJ. Lots of people are saying this GOLD run is not driven by fundamentals. This GDXJ rebalancing is a big news for shorts.

Why did VanEck leak their issues last week? To help some tutes.

[kid biscuit]

That's one way to put it. And now at the low of the month, the downside risk of a $20 gold dip makes for pain from here. When a commodity goes up 10% fully, we are supposed to have a profit margin to lighten up on the position with, if a person chooses to do so. It shouldn't be stressful thing to deal with.

[kid biscuit]

The algo-bots are taking 12 cents of profits off the table as we speak. BAM, just that fast!

[kid biscuit]

And now a little while later the auto bots have taken all the profits off the ticker, gold is several dollars higher, and we're back to the low of the day. Bam, just that fast!

[kid biscuit]

Oh, and also JDST is .26 higher of course.

[kid biscuit]

So the answer is to look at the price of gold. If we test 1278.5 again today JNUG will be at new low of 5.65 aprox. That will be a safe entry if that area is support again. And as it goes up, but just before momentum starts slowing the bots are already selling. It has every single algo-pattern in its data base and probably a few new ones no one has seen, and is able to turn human emotion into a mathematical equation. Thereby is liken when the great Russian chess players go up against a supercomputer....they lose, well at least the 1st few games. ha ha