Thursday, August 9, 2012
Sold DUST @ $46.25 [break even]
I pitched my shares of Direxion Gold Miner BEAR 3X ETF (DUST) less than 30 minutes ago at my break even price of $46.25. I'd had a small gain on this trade a couple times in the past 4 days but when it looked like I was going to be thrown under the boat another time I decided to say enough. DUST reached $44.83 just a minute ago so I guess I managed to get off the boat with my shirt dry, but admittedly, just barely.
My TSI Trading record has been updated.
Gold futures (GC) have hovered just under the 200 dma for a third consecutive day. I have to wonder if this developing coil is just waiting for a spark to be thrown into gas tank.