Replies to post #4993 on Direxion Daily Junior Gold Miners Index Bear 3X Sh (JDST)

[Marketwise]

Agree. The ECB rate hold and chatter did provide a little spark for long gold traders but how long that impetus lasts we shall see. I agree, I don't see a lot of upside for miners over the near term either. We are still in the summer doldrums for gold miners as well and probably will be for a few more weeks. Some think we are in a new secular bull gold market beginning back in December of 2015 but I am certainly not yet convinced of that. Missed those 63.50's this morning. Ah well, don't need to find the absolute bottom on every trade though its nice when you do...

[BAA_Up]

The euro is like yesterday. But the yen has won from 112 to 111. Gold went up 10 USD. You remember 1 point in the YEN profit, bring at least 10 USD plus for gold. So much about Draghi. If the euro had an impact on gold, gold would now be at 1300.
With the overall rise of Euro and Aud, the yen was held down, so did gold.