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DUST

Jnug to Gold Italy Vote WeekendDaily Chart I think that that was a great sign on Friday, Jnug up strong even in the wake of multiple days of great economic data. We broke out of the wedge and should move up with the Italy vote. But I think we will only reach around the $8.90 range before a little pullback. Then up hard to the second oval. At the end of the week or over next weekend we might hear a ruling from the British Supreme court about there decision for the Brexit. There are some other significant events that will also be coinciding with the later part of the week into early next week. Should help move gold and Jnug up. The 50 DMA (BLUE) should meet my price target about that time. And we should peek just above it. Hopefully we have a good couple of weeks.
AMEX:JNUGLong
by SalN
Jnug to Gold Last week of November 20164 Hour Chart Time for a bounce yet? I think yes. But nothing too fabulous. The oscillators need to cool off because the next drop will be big. We are way oversold with a lot of bullish divergences. I think we arein the middle or our B pattern and the Fed hike should mark the beginning of the downward C. I also think that the December 4th Italy vote cold give us a little pop but nothing like Brexit. I measured the drop for a with a purple line. (look at the chart. I copied it and then moved it to where I think our possible high for Jnug could reach (around $11.30), and then used the purple line to measure a possible C move. And as you can see, it was quite a fit right down to where I think a bottom will reach this year or early next year. Short and sweet this time. GL
AMEX:JNUGLong
by SalN
Jnug to Gold possible bottom at 1186Dollar Daily Chart I wanted to start off with the Dollar chart because this week something happened. The dollar broke to new 13 year highs. And from my point of view, that changed the count for the dollar. By changing the count, I worked out as best that I could what to expect in the near term future. First lets look at Fib #2. Fib #2 shows the 100% level of Wave #1, (which we just passed this week). What that suggests is that we are currently in Wave 3. So how high can Wave three go. My absolute top is 103.10, But I think it will end at 102.81. WHY 102.81? Because if the Wave 2 correction was a steep clean nearly 61% retracement as Fib #1 shows, then Wave 4 retracement should be a shallow 38% retracement as Fib #3 shows. Fib #3 shows 102.81 with a retracement back down to the top of the major resistance, Which is now support, which is coincidentally the 38%. Make Sense? Hope I am not confusing you. So then what, I think we start Wave 5 with the December 14th rate hike. I marked it with a black line. Wave 5 should also take gold way down to the 1115 - 1120 level. That's my low for the end of January. Possibly turning around on Inauguration day. Fib #4 shows a 100% measurement of Wave #1 and of course it could be higher than that. So anywhere from 104.45 to 106.89. I will follow up with Gold in a little bit. But you should get where I am going with all of this.
TVC:DXYShort
by SalN