Here's How Traders Have Once Again Botched The Gold Miners Trade

http://finance.yahoo.com/news/traders-once-again-botched-gold-114601219.html

As sure as the day is long, there will be traders that get the gold miners exchange traded funds trade wrong. No, it is not always as simple as thinking for every trade in capital markets there has to be a winner and a loser.

As has been previously noted in this space, one way of trading leveraged gold miners ETFs, such as the Direxion Daily Gold Miners 3X Bear Shares (NYSE: DUST) and the Direxion Daily Gold Miners 3X Bull Shares (NYSE: NUGT), is to monitor flows data and buy the ETF that other traders are departing. That may not sound scientific, but it has worked. 

Guess What?

That idea is working again. For the October 7 through October 14 period, traders have poured nearly $76 million into DUST and DUST is making them regret that move. The ETF is down nearly 25 percent over the past week and more than 62 percent over the past month.

 The best thing about the PM breakout is that CNBC and the media masses aren’t really reporting it which I find absolutely confounding however this is the catalyst of continued upside IMO and when it happens then you sell into the late dumb money rally then replant your seeds to and fro.