Biting the $DUST

I’m going to chase the $DUST because I believe it is going to take out the top set in May 2012.  If gold price is being clobbered, the gold miners will be decimated.

Take a look at the weekly $DUST chart.  My sense is that last May high will be taken out by next week.  Perhaps, gold is no longer a safe haven because people are coming back to buy stocks as you can see we have made new high on the DOW.

DUST_weekly

Come to think of it, we may even take out last year high today… there are still 35 minutes for this to happen.

My 2 cents.



Categories: DUST

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