DUST

DUST is the 3x short Gold Miners or GDX, NUGT is the 3x long gold miners or GDX.

I mentioned the other night I wish I had taken out a DUST long over a GDX put, I saw the AQG position falling apart very quickly and when you see 1 and 2 min charts move quickly when there's already been an accumulation period, I've found a lot of times that happens just before a move and I'm convinced it's market makers or specialists loading up their account for a ,move they know is coming because they filled it. Market Makers and Specialists facilitate a smooth market by being the buyer/seller of last resort, but about 30% of the activity in any given stock before HFTs ruled, was the market maker/specialist trading their own account. I suppose HFTs would do the same if they uncovered an "Iceberg", that's a large order they uncover by pinging the market looking for the tip above water, as you know the larger order is below the waterline and not visible, that's why market makers and specialists get paid to fill orders, they can do it discreetly.

As an aside, the recent market/ Precious metals correlation seems to be inverse as in, "Market up, PMs down" and vice-versa.

 The large 15 min is already there, the work is already done.

It's the intraday 1 min popping up hard and SLV popping down low.

There are a number of small divergences in this 2 min trend stretching over weeks, but look at the move today,

This is why I want in DUST today, but just can't get execution.