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LastBattle

Time for a miners pullback

Long
Direxion Daily Junior Gold Miners Index Bear 2X Shares (AMEX:JDST)  
LastBattle Updated   
AMEX:JDST   Direxion Daily Junior Gold Miners Index Bear 2X Shares
JNUG DUST JDST GDX GDXJ
14
6
jnug dust jdst gdx gdxj
Key level in US dollar here...
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GDX: Limited upside until first resistance level.
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Longing JDST here without planned stop loss...
Miners are pretty overstretched with JNUG +800% over 4 months.
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Here goes... This is a multi month train, don't take profit too early :)
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Took profit. $2.2

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Small intra-day scalp, since gold looks to be bouncing any time soon.
Buy JDST again on dips in a few days.
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Re-entered. 1.74.
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Yellen is hawkish once again :) Hold this.... its a great winner

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Testing breakout. 19.5 pre-mkt.
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JDST consolidating for a higher price...
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Weakness in gold still, within the wedge
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GDX: (Consolidating too, but now it is below the support)
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Wow. Rekt, that's a 40% drawdown off bad NFP data (38k vs 160k expected).
I'm still seeing topping signs in the gold mining sector, holding off some of the unrealized loss for a bit. Let's see how I can manage this trade with gold pulling back now.

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Comment:
Added 1k long on JDST, at pre-opening. 13.1 each.
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