jnug to gold
I am excited to also see that the correlation between Dust and Jnug has gotten better. There is still a problem with price direction around October 6 - 8. Through October, I am leaning towards the pink line being the most probable path. Then for November and 1st half of December, they are looking closely correlated. But then the ? is which is most correct for the second half of December through February 1st. For that, I am leaning towards the Blue arrow path. Maybe that's my bias wanting to make more money with the steeper move before they both show Jnug shooting up to $40 by March 18th.. We still have a lot of time for that to work its way out so I am not concerned.
My only concern with the pink arrows (which I assume indicate an alternate route for JNUG) is that they mean no the widely expected bull rally in Gold, at least until Mar 2016.
Also, when you refer to DUST do you mean JDST?
I do believe that we are "technically" in a bull market for Gold. But the astronomical upside movement is not going to happen until next year. I really am unbiased when it comes to trying to predict the direction of price movement in these miners. I do not believe that the Miners follow spot gold price perfectly as I explained a couple of posts ago. You see read the one that I talk about miners possibly being on their own cycle and that Jnug (which represents the miners) seemed to put in an ICL move in August when gold clearly did not. SO time will tell but I think the miners will put in a higher low by the end of January. Spot gold should be down to at least 1200 if not mid 1100's. (people get so angry at me just for suggesting that).
As for dust. I use Dust so I am referring to dust. I understand that JDST is the junior but I have always used dust. SO I have another chart with dust price targets. I tried to correlated those dust price targets on the jnug charts (pink). So obviously, when the pink shows jnug lower, dust would be at a higher price not represented on these charts. I dont think there is that much of a difference between dust and jdst. Its mostly just my preference.
By the way, if this chop keeps up, notice the BBands are starting to narrow. Ill try to guess an approximate time when a bigger break out move will be coming. my best guess (a little too early) is 2nd week of October.