Gold/Gold miner likely to top soon
Setup a trade to short the gold miner (DUST if you use etf, or short option)
Entry price today, stop loss 5-7% for DUST.
Don't get me wrong this is just a pullback which afterwards I am still Long gold/silver/miners
Buy from current and 14.19, stop 9.45, target 43.01
Shopping from the commercial areas of interest.
Stop for the maximum volume level.
The risk is 90% of the total.
Closing 50% of the position at 28.00.
Hi all, daily update for stock market dust can be bullish atm, strong uptrend forming nicely . NOT trading advise either.
##ATM=the ideas valid for ~<hour.
##upper line is resistance over=bullish, &cross under =bearish.
DUST is the inverse leveraged ETF for GOLD. GOLD looks bearish at the moment after a run up to test the resistance at the 18,500 area. This has the old breakdown support level that didn't hold and it just recently came back to up to retest that level and didn't hold. I'm projecting DUST to move up accordingly
Posted first on October 7th - ETF bottomed and showed significant positive side.
Swing trading yielded fair gains for a 2x ETF - posted are the gross returns
As you can see we have another rounding on the daily side and also topping trend on the WEEKLY chart.
The weekly shows prices rising almost to the breakout point
This may indicate something for gold in...
DUST 2x Inverse ETF
I posted this about a month ago as a trading idea based on DUST bouncing and Laguerre about to turn green.
If you look at NUGT it is dropping off pretty sharply.
Buy corrections into the end of the month for (Potential) long term hold
I know the gold bugs are stuck on a continuing rise in gold with
some sort of catastrophe but I say ride...
DUST did some nice work today on this 15 min chart. Held longer term FIB at the golden pocket and the shorter term Fib at .50 with what appears to be a W bottom. Take a glance at the daily chart volume and the pick up in buying volume. Still think miners are overbought and need a little more time in the penalty box. GDX definitely doing some consolidating...