AMEX:TMV   DIREXION DAILY 20-YEAR TREASURY BEAR 3X
GDX
30 0 1
gdx
The is just one study that shows the current GDX             down trend is approaching an end.

The reason I choose TMV             is simply because it is leveraged, a closer comparable to that miners are leveraged position of gold             price. I understand there are reasons people don't like using the leverage ETFs, but this is only for short term.

Since the beginning of this year, TLT             and GDX             have shown increasingly positive correlation. When we look at the inverse TMV/TBT alone. They are showing some divergence in both RSI and momentum indicators. While I personally think we will enter a normal rate world in the long run (which potentially means bear market for gold             if correlation of GDX             and TLT             did not break), in short term, we should see the re-bounce of GDX             .
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