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Direxion Daily Gold Miners Bear 3X ETF Message Board

  • medtner1967 medtner1967 Oct 24, 2012 1:23 PM Flag

    why bail? looks strong to me...

    If DUST can close over $28, it looks reasonable to go to $37. Also, look at the charts of its components... While the Sept PM rally was impressive, I don't think ANY component is as high as it was earlier in the year. The failure of GG, NEM, SLW, etc to go to a new high this year, in the face of QE idiocy is not good for bulls. RSI is now over 50 and nowhere close to overbought. MACD is still in negative territory, but it is getting closer to crossing into positive territory.

    As screwed up as things are, we all know silver and gold and miners should have been far, far higher the past 4 years and yet they still languish relative the horrendous outlook.

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