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BobbySpa
Mar 13, 2020 11:53 PM

DUST - the new volatility index! 

Direxion Daily Gold Miners Index Bear 2X SharesArca

Description

In three weeks DUST went from $4 to $14. Hyper parabolic move needing significant correction. Make sure you pick up NUGT!
Comments
SolarGirl
Do you still recommend buying?
BobbySpa
@SolarGirl, XAU hit FIB support yesterday and GDX bounced off $16.50 to close $19. This happened in last ten minutes of trading yesterday. Looked panicky and not orderly to me. DUST’s inverse brother traded down to 6 yesterday after hitting 43 three weeks ago. Mining stocks were left for dead yesterday. That’s what I like to see at a bottom. So to answer your question I am not recommending buying DUST. This ETF has gone parabolic. Looks like SPCE or TSLA
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