I'm sorry to hear that. There's literally nothing that supported that purchase from a technical standpoint other than speculation IMO...so be careful...or you'll end up like me here. :-( The morning star on GDX/NUGT last week has clearly played out as a reversal (which means the evening star on DUST has also played out).
SOOO many (retail) people are positioned that Gold is going to plummet...and IMO...are about to get their faces ripped off. Especially if Gold starts moving up even if USD moves up (like this morning). There's still some more work for Gold to do to get to that point, but GC over 1215 is virtually a straight line to 1230-1240.
Spot broke out of a bullish pennant on the hourly overnight...and we're seeing the impacts of that now. All JMO. GL!
Here's the heavy resistance on GC at 1215 (50 MA). If it breaks over that...it gets nasty for shorts.
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