AMEX:DUST   DIREXION DAILY GOLD MINERS BEAR 3X SHARES
718 17 21
7 months ago
Dust - this is a real S* Of a B*...

I do not recommend this one to beginners, but if you are a tough guy and can handle some risk this can be a good one now.
Gold             will break down sooner or later . When gold             breaks down gold             miners will start a correction also and DUST will start to rally.
Many asked : go long now or later? DUST split is coming in MAY.
I think if gold             starts a correction it will be fast and painful.
So the miners correction will last for 2-3 weeks and there will be only one really good week.
Split has no effect on the performation of the position. Your profit or loss will be the same after that.

I would enter now not after the split. At the split the price will be higher most probably, and possible that gold             correction will be over by that time( 18.05)
If you enter now you have to surrvive a 1.5$ drawdown now. Im not saying that its coming down 1.5$ but you have to prepare for that. And one more thing. If you enter now you must not add after the split. Actually you should have a core position and no adding to that. I will post when I close my DUST positions.
7 months ago
Comment: I have a feeling that today we will break above 2.20
7 months ago
Comment: GOLD is giving up against the 350.000 commercial short.
Sentiment is terribly bullish in gold and miners also.

The junior gold bull willl have some rest now for the next run.
So we will steal some money from him with our DUST trade in the following 2 weeks.
7 months ago
Comment: I don't like today's volume. Maybe we are waiting for the FED...
kizly
7 months ago
Followed you in oil - I'm completly your opinion.
Didn't analyse DUST so far. Are You in?
Reply
chartwatchers PRO kizly
7 months ago
Yes Im already in.
And I recommend it today.
Gold looks toping to me.
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kizly chartwatchers
7 months ago
thks for fast reply!
rgds
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kizly
7 months ago
I've closed my eyes and followed. Not without knowing risks - traded DWTI / UWTI lot. You have some resistence points where to exit?
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chartwatchers PRO kizly
7 months ago
Good!
It's turning finally.
Don't touch today.
I will be watching GDX and NUGT and post on the weekend. We have to see what's happening in GDX and NUGT.
I think gold will come down to 1150$ GDX to 18-19$ there we will exit the DUST.
Reply
kizly chartwatchers
7 months ago
Ok thks, looked around GDX 1170$ seems strong resistence.
Reply
chartwatchers PRO kizly
7 months ago
dust IS SCREWED so we cannot analyze its chart.
Have to see GDX and NUGT.
2 weeks. Everybody again at he wrong side... Everybody is superbullish in the gold miners.
It was too much now.
Reply
keefer0 chartwatchers
7 months ago
what do you mean by screwed? good for DUST holders or bad?
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keefer0 keefer0
7 months ago
ok, got it.. read your posts again. I will sit tight in DUST, not that I was planning on selling today anyways.
Reply
kizly chartwatchers
7 months ago
See you are looking for large growth oportunities - check Tokyo 7211 or MMTOF OTC USA. It is mitsubishi stock Tokyo / usa. They had scandal similar to VW. 7211 fell from over 800 yen to 490 in few days. VW recoverd fast more then 20% after first sale off. Still very risky as the roll out of scandal can go in other countries. I came in with 50% of the planned amount and will wait for second 50% few days.
Rgds
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JesseL
7 months ago
What is your take on the Junior Miners JDST?
Reply
chartwatchers PRO JesseL
7 months ago
Same like DUST :long.
I'm waiting for DUST to rally to 9-10$ in the next 2-3 weeks. (FIBO retracement 50%)
Reply
JesseL chartwatchers
7 months ago
Your analysis is basically confirming my independent assessment for a 50% retracement. Thanks for your great work!
Reply
keefer0
7 months ago
I didn't like the volume today on DUST or GDX either. I exited as I'm waiting to see what direction DXY takes on the FED. We know they won't raise rates this week, but could be setting up the table for a June hike. Not sure how the market will respond.
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chartwatchers PRO keefer0
7 months ago
I think whatever they do will blast gold.
If they raise that will be negative for gold.
If they don't raise they will hit a hawkish tone showing they will hike in June.
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kizly keefer0
7 months ago
Me too, gold is also checking resistance at 1241/1242 and it could continue bullish if it breaks. Also a lot of signals there will not be a rate change what could be bullish for gold.
Reply
NinjaMG2016
7 months ago
What's your take on DUST today? Hit the 52 wk low
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