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Sgreg

05/02/16 9:18 PM

#8728 RE: brharris #8725

Yea, I have done well with DUST/JDST even though they are down over 90% this year. I don't buy until GDX/GDXJ have RSIs over 70 and I stay away during central bank meetings and I watch the dollar as well. It has been working pretty good. Charts in what I mentioned before are similar setups to when I have been able to make 10-20% trades in DUST/JDST.

I'm pretty sure gold will top out this year at $1350 or so. Gold bugs will want more because over the last 5 years gold dropped 750 bucks. I would say getting back half of the 750 dollar drop in just one year is incredible. They don't see it that way though.

Economies stink and very few retail people have the money to buy gold. Actual physical gold demand is down big so far this year. People don't have the money for it and it is now 25% more expensive in just 3 months. Speculators are driving up the price of gold. Not sure how much further they take it. At any rate I just do my trades here and there when the setup looks appealing.