1125 12 36
GDX             , NUGT             , GDXJ             , JNUG             were in a sell off mode on Friday. Not only the dollar is decoupling gold             but goldminers also.
This is strange... While gold             is printing a good rally miners are printing a bearish pin bar .
They should follow gold             .
DUST is the inverse fung of NUGT             I post this chart because I know a lot of you are in DUST and JDST             .
Next week will be very important. It will give us the answer for DUST also...
I still think that we have have one more leg down in GDX             , GDXJ             , NUGT             , JNUG             and one more leg up in the inverse funds (DUST, JDST             ).
Watch the RSI . It's leaving overbought levels. In the past this move always predicted that ugly things are coming.

This also supports my idea that gold's rally is a nice artificial move.
Do the big players know something what we don't??? Is this the reason they were selling miners after the breakout from the flag instead of buying more as gold             is in a rally mode???
Next week will give the answer.

I'm not going to short NUGT             just set the idea as a short to show the direction.
Isn't it time to buy again?:)
Rally will be tomorrow :)
traderzaius traderzaius
Boom goes the dynamite!
Also worth noting.. The Miners 'out-performed' Gold and Silver during the initial run up. They are now trading way up above the 200DMA -- a risky bet in my books. The only thing that looks tempting right now is Silver, not to be confused with Silver Miners.
Agree 100% -- I posted this chart on Friday on another post. Your Analysis confirms it!

Long DUST @$10 but keeping a tight leash on it in case the Market throws a curve ball :)

Thanks again Arpi. Weekly bullish trend line of 1281 in XAUUSD not reached Friday. Another data point. Still nibbled long in DUST. Very exciting week ahead. Where there is chaos....
Thank you Arpi, you are very much appreciated, keep up the Great work, you are teaching us how to fish for ourselves!
I think in the days before gold miners have outperformed gold by far. I think this was only consolidation of the status to normal difference between gold/miners.
Lost nice money trying to catch Dust. Even during day trading DUST/ JDSTand NUGT /JNUG were oscilating a lot from expected values - I thing maximum was 2% and 4%times GDX while they are targeting 3%. Here I recovered some money as they always come around +-GDX.
By the way, it was also odd to see DUST move up today while gold was trending up.
+1 Reply
Billeci toothless
I noticed this, too. I'm not smart enough to understand the various variables that move DUST / JDST and NUGT / JNUG outside of gold's price movement, but in recent trading sessions when gold was lower in price before the NFP numbers were released, JNUG seemed to move solidly up on any positive trend reversals pushing gold prices higher. Yesterday, JDST seemed to be extremely resilient, seemingly looking for any reason to react positively (again only looking at it in terms of gold's price movement).
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out