Miners Bite The DUST
Well, “old faithful”, the trendline that’s been supporting triple-bearish-ETF “DUST” for the past couple of years, continues to do a yeoman’s job. Although the price mushed a little beneath its trendline most recently, it certainly provided a reliable bounce:
I’m skeptical, though (and perhaps it’s the nascent gold bug in me talking, since I’d love to see metals strengthen), not only because of the trendline violation, but also because gold is approaching what seems like a pretty decent “bounce” zone of its own:
This blog is not, and have never been, investment advice. It is a place that allows me to express my own views on the market and specific securities – as well as make whatever cultural ...
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