I'm sure a GLD short will give a better entry, but DUST looks like (via GDX) it's going to give a really worthwhile entry within the next 4 trading hours or so, I'm going to take it.
Here's the intraday reversal I thought would form, the longer negatives virtually guarantee it's just a bounce on a small scale, but perfect for a tactical entry in to DUST long.
GDX 1 min preparing for an intraday bounce in a small reversal process, just what WE NEED FOR DUST LONG.
This is GDX's 3 min chart, there's nothing beyond this so it's nothing serious on the upside, but enough to give us a better entry, let the trade come to us with a lot less risk.
GLD has a positive, but it's nowhere near as consistent as GDX, I still love DZZ (2x short gold), but for a new entry right now, DUST gets the check.
GLD 3 min
Is interest rates about to start going up?
-
Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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