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jangseohee
Mar 7, 2015 7:12 AM

GC1!, sub 1000? Short

Gold FuturesCOMEX

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using a triangle break down projection, we could get to sub 1000
oh no please dont, can 1124 provide support?

* Besides there is a bear flag break down

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monthly still look ugly

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jangseohee
adammska
Hi, Jang. Have you seen this chart?

It's DUST inverse gold miners ETF. I think it looks amasing.
jangseohee
yup dust is very closely inverted to gold
adammska
DUST is supposed to track GDX, and on a daily basis it does, but over the long term there is a huge tracking error due to the so-called 'volatility drag'. Yet somehow every time GDX topped in 2015, DUST was trading at the same support level of 11-11.50. I don't understand how this is possible, but it looks more than a simple coincidence.
jangseohee

one possible route
ElPatron.Y
I like this one.
ElPatron.Y
jangseohee
taking 75% profit
gold is stubborn, doesnt want to get sell ^_^
MIchaelTran
nice Jang , what do you think next, doji candle formation ... at bottom channel ^^
jangseohee
i still believe price will test channel support another time,, fingers crossed while the dead ema crossed is closely monitor as well ^_^
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