Wednesday, August 3, 2016

Update on Price and Time Confluence on HUI

I decided to give this a little more room before pulling the plug on DUST. We closed slightly above 282 on HUI yesterday 8/2, but I have important timing for possible reversal in metals this week. I'm changing this to a time stop. If the metals and miners haven't rolled over by Monday the 8th, I'll pull the plug and stand aside until I see another short or long opportunity with better risk parameters than currently in place. Fortunately, it's a relatively small short position compared to the size of the long position I road up.

Kim Rice 8/3/16