Thursday, January 07, 2016

Dust Hi Spring 2016

Dust could go up to at least 100 dollars by april may...


9 comments:

  1. Hi Russ.. thanks for this info. Well, you called it, a gold rally. I am sitting short gold in DGLD so its been a tough week but I'm banking on that low in a couple months aligning with Armstrongs gold benchmark dates (btw, do you know the exact date he pinpointed?). Interested in your thoughts on this week's action and looking ahead. Looks like I might want to shift our of DGLD and into DUST.

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  2. Yes I notice Eric Hadik is calling for the rally to keep going into late Jan. and then I guess he would be looking for a test of the winter lows and he thinks we have already seen THE low, whereas Armstrong as you know is looking for below 1000 this March and then another big low next year. Perhaps a double bottom, I am not sure about all that yet. For now after this rally stalls we should see some serious downside into April/May.

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  3. Hi Russ,

    Interested on your thoughts from Martin's recent comments about Gold:

    "Therefore, the markets appear to be telling us there is an extension in the wind when we look at all of them across the board. Gold also avoided the key sell signal at 1044 for the closing of 2015. This too was like Crude – not a buy signal, just an avoidance of a near-term sell signal and hence the bounce. Nevertheless, unlike Crude which elected a Yearly Bearish at the 116 level warning no new record highs, Gold has never elected a Yearly Bearish so new highs remain on the horizon moving forward."

    I follow his blog and now yours pretty closely and have a good understanding of his basic cycles and terms but he still tends to confuse me because he often mixes different time frequencies (day, week, month, quarter, year) into his posts. From what I can deduce it still looks like this near term rally will stall and gold will fall into the Spring benchmarks. His reference to "new highs on the horizon" refer to the time period between end of March 2016 and some point into 2017 at which point we could create another bottom or near new low on an inter-day trading basis but maybe not a close. Im a small investor just trying to provide for my family of 4 so your heightened level of insight is much appreciated. As for now, I'm sitting tight on the good chance we see new lows on gold still here in the 1st quarter.

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  4. Martin also wrote before that Gold can keep going up into his ecm date of 2032, after that he has said he hopes he is not alive as he thinks civilization is going to get quite bad by then. Cheers!

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  5. I'd rather bet ur DUST call is accurate. You like DUST over DGLD as a short play on gold?

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  6. Long term chart of XAU is showing gold stocks are in the same area as they were in 1999 when gold was $300, so not sure how much lower they can go, so perhaps hedge the position with some dgld

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  7. All very subjective - should go down before up but go up first unless... I say if you don't own any gold get some. If you believe in fiat, well I can't help you.

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  8. Read Armstrong today ... he talks about Gold Miners going bankrupt. Lower gold prices and miner bankruptcy will drive DUST through the roof ... not yet though ... it starts in mid to late February.

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  9. Yes I saw Armstrong's article. Gold going down should also pull the miners down lower, we'll see, but keep your powder dry for a good buy opp. in the spring.

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