1811 Capped Bust Half Dollar
Tuesday, June 6, 2017
Big Day for Gold
Gold came close to touching 1300 today, MOMO thanks to the Dollar cooperating and the chart. What is touchy however is Junior Minors which JNUG and NUGT follow which finally had a good day but at what could be close to a top for a Gold rally that feels eerily like a trap. Will Junior Minors rally with the possibility of Gold faltering in price and the Dollar rallying ? We could see that. The current situation presents a different view than other times. Being JDST which shorts the Junior Minors 3 x then we could see a similar situation where this past week neither the long 3x or short had a sustained rally. Charting sometimes presents new scenarios that are not a given.
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