DUST - Take some awful chances
I do not recommend this one to beginners, but if you are a tough guy and can handle some risk this can be a good one now.
Gold will break down sooner or later . When gold breaks down gold miners will start a correction also and DUST will start to rally.
Many asked : go long now or later? DUST split is coming in MAY.
I think if gold starts a correction it will be fast and painful.
So the miners correction will last for 2-3 weeks and there will be only one really good week.
Split has no effect on the performation of the position. Your profit or loss will be the same after that.
I would enter now not after the split. At the split the price will be higher most probably, and possible that gold correction will be over by that time( 18.05)
If you enter now you have to surrvive a 1.5$ drawdown now. Im not saying that its coming down 1.5$ but you have to prepare for that. And one more thing. If you enter now you must not add after the split. Actually you should have a core position and no adding to that. I will post when I close my DUST positions.
Sentiment is terribly bullish in gold and miners also.
The junior gold bull willl have some rest now for the next run.
So we will steal some money from him with our DUST trade in the following 2 weeks.