We had a half day trading with a major gap down and a daily close on one of my target numbers. Wednesday we should have a full company of traders scratching their heads. I think we close the gap wed. reset the market. This current push down began June 27th a little long in the tooth today being the third wave down. With that being said, I guess a counter trend rally into Friday before the Bears reload. Certainly there is still time for the Bears to revisit December lows and fill those gaps. Dust went form 41.42 on 3/9 down to 23.66 on 4/13, I think that this move is controlling Dust - so I will play with some target numbers: 34.19; 36.80 (if these numbers stop Dust then HUI turns) next up would be 39.46; 41.06; 43.90; 46.69 and finally 48.28 (which I think would be 50% retracement of Dec -Feb move). In Dust and Nugt I give it a 5 cent either side for a target hit. Always hard to track dust and nugt as they do change what is in them. Whatever happens I think the clock on this down move ends on or about July 14th. If there isn't a turn in trend by then, the HUI will drop so far down the scale no perma-Bulls survive, I think you and discussed the inverse cup and handle that could form off those December lows and this current move. Again this is great fun.
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Interesting. Gold should bounce from here but now that I think of it the miners probably will not benefit due to market being closed. The gold rally will more than likely fizzle out by Wed and miners should make a lower low by Fri. I wish you good luck. I am holding DUST for 44 at least and JDST for 96 - 100+
43.90 close enough.