Loading ...DUST
I know many folks posted yesterday how the gold market substantially changed yesterday and all supports were broken and DUST was about to soar. The picture remains the same to me….a bearish flag into resistance and it’s going to head to $12 once the flag breaks.
what is your call on ERX?
I still like it but got stopped out yesterday at $23.34. Will re-evaluate a new entry at some point.
Note it’s trading below support: ERX
I’m STILL on the fence on GDX/DUST.
I’m not bullish on GDX except for the short term (next week or two)
Looking to get bearish via DUST for the longer term (35-40 targets, as before).
The pattern (path) is too messy to make out, so I’m waiting for a clearer turn.
Would be happy to see DUST retest its lows, or anywhere near them.
PS .. SPX etc may have topped and we’re forming a leading diagonal wave 1 down. Santa MIA.
The DUST pattern looks to be forming its own H&S pattern with the neck line at 15. If so, the downside could be as low as 8 on DUST.