Lanmar

This is the best technical indicator that exists for gold.

AMEX:DUST   DIREXION DAILY GOLD MINERS INDEX BEAR 3X SHARES
In the prospectus it basically states that this instrument is engineered to "possibly" go as close to zero as possible. That will eventually happen. I have no doubts at all. But... for that to occur we'd need gold to start moving substantially higher. That is not happening anytime soon. Maybe another 80 dollars per ounce, but don't see it gaining more ground than that before testing the $1000 level. Notable traders have repeatedly stated that gold conforms with charting techniques better than most other products. I completely agree with that statement. Simply stated, gold historically respects structure and rhythm. If that is the case, then so should its counter derivative, DUST.

The bet here is simple, buy gold when DUST is trading at an "extreme" high. Short DUST to the ground when it's at an extreme. (Careful with shorting DUST, since DUST too could breakout, and it could breakout strong, so this particular execution strategy is definitely not suggested. It is best to just buy gold at DUST's extreme level.)
Or...
Consider buying DUST at $11 - but be very careful with buying this at $11. Double check the structure and confluence for gold and that gold would be at an unlikely point to breakout.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out