well. before this downtrend is complete, I believe DUST will get to about $37 or higher. Longer it takes, lesser it will go up because this ETF eats so much $ as fees and premiums. I am hoping to just cash out around $37.
it been trading in the same channel. I am expecting a correction after New Years in the market so i switch to NUGT
Is still working for those who like to trade the channel It was buying at 21-23 until the last fed meeting but now the channel is up to 24 I will be sell in the 29-30 range GL2ALL Mike
No worry. If DUST is down Monday, it will be up tuesday. I expect gold to hit 1150 this week as dollar strengthens more.
Sentiment: Strong Buy
I try to be chill.....but DUST is killing me. Sigh. Gotta get it back up to 35. We were so close this week. So close! :-) It's hard to watch it do this. And while the juniors are more volatile they have been following a simple pattern of doing the same as the big miners just more exaggerated. So when Dust is down 3% JDST is usually down more than that. Not 7% higher.
chill out, they will all end up today. JDST little overreacted, but this was expected since junior miners are more volatile than big miners.
I agree that they will raise rates but the fact that they moved it down the road is all wall st looks at. I don't look at either long term, I roll from one to the other and trade the channel. At some point gold will make a new low. The one thing i am watching is the oil crisis, That could be the thing that causes gold to rise since gold has always been the fear trade. GL Mike
I totally agree with you. I'm accumulating more. I'm familiar with this pattern now (after looking at the chart.. darn). I'll add more at current price and sell at $40.