Replies to post #13000 on Direxion Daily Gold Miners Be (DUST)

[str8_chuter]

GG,

You're welcome. Just sharing some observations. Hope they're helpful to you or anyone perusing this board.

$GOLD not only being rejected by the 1200 level, looks like it's being repelled today at the 9-day MA. Very weak.

Suppose we shouldn't be surprised. Saw quite a few headlines in the past week citing high level of gold short positioning and then using this as a premise for a "turnaround in gold dead ahead".