DUST 2X ETF Trend ending
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 general or not. I will post something about that later.
Although gold investor sites always push the inflation scenario I'll believe it when I see it.
I prefer to believe it has more to do with the dollar and less with the amount of debt, but who knows?
Technically, before this event, gold was sinking and I dont see any indication of a turn around
but this causes me to take a second look. However, gold miners may be more cyclical.
I'll do another post sometime about gold in general.
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 general or not. I will post something about that later.
Although gold investor sites always push the inflation scenario I'll believe it when I see it.
I prefer to believe it has more to do with the dollar and less with the amount of debt, but who knows?
Technically, before this event, gold was sinking and I dont see any indication of a turn around
but this causes me to take a second look. However, gold miners may be more cyclical.
I'll do another post sometime about gold in general.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.