I'm buying the dip on DUST and DSLV Gold broke support, should continue downwards. looking for oversold condition on weekly chart before I jump into gold.
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I'm buying the dip on DUST and DSLV Gold broke support, should continue downwards. looking for oversold condition on weekly chart before I jump into gold.
Yes sir. In a few weeks DUST will be in the 40s and JDST will hit 96-100
With Dust breaking June 20th high certainly on the upswing, next target would May 20th high of 38.68. I think this move needs to break that one, failure would indicate a series of lower highs. Is this just not the most fun!
Fun only if you win haha! DUST will be at 44 prbly by end of month or Aug. Whats your take for Wed, will miners go lower or will the rally? Im not too sure about Wed but hopefully by Fri they go lower
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.
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.
Are you on stocktwits?