POSSIBLE TRADE SETUP

 

I might buy a little DUST if prices manage close above the trendline. Buying right now would require a stop below today’s low of $31.50 and that equates to a 20% risk; too high for me without a breakout. IF GDX drops to the bearish scenario target of $15.00-$16.00 (just a possibility right now – not a probability) DUST could reach around $80.00.

dust

DUST is triple leveraged and very dangerous; if I take the trade I’ll keep my position small. Remember, the color gauges are in buy zone good/great so it’s risky betting against (shorting) them.