Let’s see how the structure shapes up tomorrow and perhaps for the next several days before the euphoria gets overdone. Gold is simply right back at the same ‘ol resistance. Yes, I’m happy to have sold my DUST/JDST yesterday quite profitably and to have climbed back into a modest NUGT position this morning but this could shape up to be a huge short covering trap and the weekly charts don’t support a sustainable move up….just yet.
On a different note, with the S&P future down 3.5% and crude oil down over 5%, my fairly sizable ERY position is looking really good. Plus natural gas is down over 2% so my DGAZ could have a good pop as well. Again, I’m being guarded with these positions as well and not getting too euphoric. The charts will guide us.
Lastly, Soros nailed Brexit while everyone in the media completely scoffed him. He will be laughing all the way to the bank….as if he needed any more money.
GOld up 36 !
Brexit “Leave” marginal lead with half the votes to be counted. Will we end up with Gold above $1310 if we do get a Brexit ?
Gold +48.00 !!!
Take a good look fellas. This is what gold up, dollar up looks like.
Let’s see how the structure shapes up tomorrow and perhaps for the next several days before the euphoria gets overdone. Gold is simply right back at the same ‘ol resistance. Yes, I’m happy to have sold my DUST/JDST yesterday quite profitably and to have climbed back into a modest NUGT position this morning but this could shape up to be a huge short covering trap and the weekly charts don’t support a sustainable move up….just yet.
On a different note, with the S&P future down 3.5% and crude oil down over 5%, my fairly sizable ERY position is looking really good. Plus natural gas is down over 2% so my DGAZ could have a good pop as well. Again, I’m being guarded with these positions as well and not getting too euphoric. The charts will guide us.
Lastly, Soros nailed Brexit while everyone in the media completely scoffed him. He will be laughing all the way to the bank….as if he needed any more money.
DGAZ was a good call. I wish I bit the bullet.
Gold up 51 now
😀
Gold up 80.00 !!!