Jnug to Gold "can't ignore the breakout any longer"

Aug 28, 2017

Today was a big deal to me. North Korea just fired a missile over Japan causing gold to spike and that is good enough for me for this breakout. So the question for those that are in JDST or Dust is how to get out. We will have a daily cycle low very soon. I expect gold to drop back down to the 1270ish area and retest that long term trend line for the end of the daily cycle. I am still estimating that to occur around September 5th or maybe a little bit after that. At that point, wherever you are , you should sell your short and buy Jnug. So even though you are down right now, we can still recover much of these losses. This breakout and next bullish push up should propel Jnug up very quickly. You will make up those losses very quickly and then some. If this is in fact the bull market for gold, then understand that there are at least 3 -4 more years of climbing to do with gold. And Jnug will climb much faster and higher than gold. Towards then end of this bull cycle, Jnug will push up much faster than it did in the 2016 run. So we will have to lick our wounds a bit and buy the dip.

Aug 28, 2017

Note

Jnug chart

I have to consider the bullish idea/trend now. With gold convincingly breaking out, it would be foolish to be stubborn.

Aug 31, 2017

Note

Gold update
tradingview.com/x/YvdMLQG7/In the chart above I found something interesting....and it may not be relevant but I thought I would point it out. Do you see the big purple arrow? That line is actually another "possible" muc much less relevant downtrend line from two touches way back in 2011 and 2012. It might not bee anything but we did touch it. I did not spend time lining it up before but when I did, the price from two day ago touched it perfectly.
I also drew in a FIB retracement for this latest rally. If in fact we are in a new bull run, usually wave 2 retraces to at least the 50% - 61.8% range. Well as you can see, 50% would be a perfect touch of the blue (and very relevant) long term trend line that we finally broke.
There is also a potential rate hike for September 20th which should weigh on gold like it always does. I am just not sure when gold is truly going to start making its way down there. As long as gold and Jnug do not put in a price higher than two days ago, then we could have just experienced a wave 1 down, wave 2 up and would still have waves3, 4, 5 to go. So lets see how it does tomorrow and into next week. Whatever happens though, its very risky to buy Jnug at this point. I would wait for a significant dip.

Aug 31, 2017

Note

The chart did not open this last time. Lets hope it opens this time

Aug 31, 2017

Note

here are those two spots I was referring to.. not sure if it is relevant.