JDST hit our 30% End of the current JDST trade. Got right up into that 34 day ema and closed right below. Great 30% swing here. No solid break or close above so sell to take profits best idea. Love the gold plays on the 3x lev's.
JDST
Gold holding Trend. Up then down againGC still holding the trendline pretty well with a "zone" to match. Could be an easy entry. Loking for this to rise maybe overnight up into the trendline/zone with a drop to follow. Could see good prices on PUTs if this happens and catch it off the rise. Any positions held nust be patient. Trend is your friend "until the end"
JDST money maker moveTwo day swing held. Still looking a GLD and /GC, i think we can push to the 34 day EMA. Alkost a 30% move if so. Golds slightly easier to play than most. Everyone should have a gold.play in their bag.
JDST one more Thing... and the junior miners will not be an exception too...
If the sector is going down the juniors will drop too.
We have the same indicator divergences:
GDXJ was underperforming in this intermediate cycle.
While GDX almost tagged the 2016 highs GDXJ was not even close to it.
Gold potential correctionGold/miners to pull back? Long term bullish but a correction should be welcomed by bulls
$gdx $gdxj $nugt $dust $jnug $jdst
JDST vs JNUG vs GOLD Weekly Log LineGold's 6 year long backtest is nearing an end. JNUG/JDST likely to reverse and reconverge at mean.
GDX Under-Performing Gold & HUI = Miners Anticipating Lower GoldGDX is still 12% below its 2016 highs, despite Gold having already surpassed its 2016 peak of 1375 by roughly 5%.
On top of this, the GDX having more exposure to unhedged miners should result in GDX out-performing the HUI hedged senior miners in a bull market. This is not the case, as the GDX is actually under-performing the HUI. Highest probability assessment is a retest $25 GDX.
Don't be like the many people who bought the "gold to the moon" hype in summer of 2016 and bought in at the highs and then subsequently got their a$$es handed to them.
GOLD How does it look in the Charts?Look at the RSI. Also here is an update on some charts I have done in the past. I still have a $1500 high coming and a $1300 low in gold. Atleast what the chart has given me so far. The pullback typically happens toward the end of the year. We will see. -Coach Reevs
FED WON'T cut rates - gold will go back downI'm anticipating the FED not cutting rates - this will cause other central banks to cut, which will force the dollar $DXY up and gold down. Chart looks like a double-top is forming with momentum sliding.
Again, the only way gold goes up if we start war with Iran which last week looked like it was going to happen. Doesn't look like most of the globe is accepting the false-flag narrative being espoused by necons.
I think the FED will cut in September or December even. At which I see a risk-off happening where people will run into stocks while gold will look lackluster against it.
Long JDSTGold is oversold on the RSI. Had a doji reversal last Friday. And HUI miners keep signaling lower gold. Anticipating a move back to 1300. JDST is near previous all time lows @ 29 from February
If the Fed doesn’t deliver a rate cut Wednesday, expect gold to sell off
JNUG PAIN COMINGBearish Head And Shoulders Pattern on JNUG.
JUNIOR GOLD MINERS
TP 4.83
JNUG AMEX:JDST
AMEX:GDXJ
JDST Bullish Medium-TermJDST looks like it will touch/surpass its previous high at $55. If Gold continues to decline towards 1220, JDST could easily reach $80.
gdx broadening?$nugt $dust $gdx $gdxj $jnug $jdst $gdxj
Potential for more pain for miners before a powerful run up
careful miners$gdx $nugt $dust $gdxj $jdst $jnug
bearish gart (xabcd) I'm bullish on gold long term but I don't like this. CAREFUL NOW
Long DUST ideaI like the look of this chart of DUST. I bought this morning. It's always risky holding over the weekend but its a small position, relative to all holdings. GOLD is breaking below $13000 looks good for a pullback. Cycle wise we are due.
Gold 1 day Fib RetracementGold is looking to retrace back to around the $1300 psychological level. This is right around the .786 fib level of the current move. Gold is still in an uptrend overall, and may just be in some need for slight consolidation. Also, with the dollar index showing slight signs of strength, this may push the gold price slightly lower.
Gold Analysis Short Term 4 Hour RetracementI believe gold will retrace to the next fibonacci level, and may possibly bounce from there or retrace further to the .5. a small dead cat bounce was observed directly off of the first fibonacci level, with strong sell volume present.
