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View Full Version : DUST/NUGT to GDX Robot Guidance



grems8544
09-15-2011, 08:13 AM
Folks,

Can you add DUST and NUGT to the guidance for GDX? These are the Direxion 2x ETFs that track GDX, and it appears that there is a 1.000 correlation over the past 100 days.

Thanks,

pgd

Pascal
09-15-2011, 08:43 AM
Folks,

Can you add DUST and NUGT to the guidance for GDX? These are the Direxion 2x ETFs that track GDX, and it appears that there is a 1.000 correlation over the past 100 days.

Thanks,

pgd

I am not in favor of that idea, because there is not that much volume on these two ETFs and I am afraid to get intraday volatility discrepancies which will put off prices by a few cents or more for the next entry. The best is to buy these leveraged ETFs when GDX triggers (which is at the open on a new signal anyway.)


Pascal

grems8544
09-15-2011, 08:44 AM
I am not in favor of that idea, because there is not that much volume on these two ETFs and I am afraid to get intraday volatility discrepancies which will put off prices by a few cents or more for the next entry. The best is to buy these leveraged ETFs when GDX triggers (which is at the open on a new signal anyway.)


Pascal

Good points.

Thanks for the consideration.