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Thread: DUST/NUGT to GDX Robot Guidance

  1. #1
    Join Date
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    DUST/NUGT to GDX Robot Guidance

    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

  2. #2
    Quote Originally Posted by grems8544 View Post
    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

  3. #3
    Join Date
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    Quote Originally Posted by Pascal View Post
    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.

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