I’m sorry. This won’t be taken well here. I think the last bullish action will be seen as a bull trap. It was fun being long for a couple of days there. I didn’t feel like as much of a pariah, as I have for years.

It’s still too early and false breakouts and hard backtests happen everywhere but my overall thesis works much better with the flying high dollar and all of the commodities dropping instead of gold bucking the trend. Now when gold is at $900? Perfect time to gold back. Every country would then get more gold bang for their bucks…

Everyone look at this first chart and recall early 2016 when the HUI broke down from that “continuation bearish Head and Shoulders”. Then it turned out to be a false breakdown that skyrocketed the HUI higher, not looking back. On this DUST monthly chart DUST just had a false breakdown. Will history repeat in reverse? Will DUST now fly, one last time, from the DUST bin of ashes it’s been in for years…