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IC50_50

Short Gold Miner

Short
Direxion Daily Gold Miners Index Bear 2X Shares (AMEX:DUST)  
IC50_50 Updated   
AMEX:DUST   Direxion Daily Gold Miners Index Bear 2X Shares
Trend Analysis Economic Cycles Seasonality goldminers short
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trendanalysis economiccycle seasonality goldminers short
Gold/Gold miner likely to top soon
Setup a trade to short the gold miner (DUST if you use etf, or short option)
Entry price today, stop loss 5-7% for DUST.
Don't get me wrong this is just a pullback which afterwards I am still Long gold/silver/miners
Comment:
Keep adding more position
entry price ~14.6
Target profit ~20% in 2-4 weeks.
stop loss 5-7% depends on you.
Trade closed: target reached:
take 7% profit for now. Could be going higher
Trade closed: target reached:
15% profit with the rest of the position. now it's time to long gold miner/gold with little to lose
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