While the uninitiated are awaiting lower prices to enter or cover their shorts, the cabal are stacking... 'the usually bearish swap dealers continued to add to their fresh net long positions by another 3,367 lots, bringing their NET LONG position to 3,962 lots'

There is a possibility that after a reaction higher it will go down one more low and that would indicate the pattern needs to be shifted forward a little, making the current Wave-E actually Wave-C but that remains to be seen, either way we are at or very near the point of no return, and looking at the CoT data I provided this implies the cabal are positioning themselves long by off-loading their shorts in dramatic fashion to the gullible funds (sheep) ready for the slaughter...

You generally won't see McD negative divergence on DUST. Hence again why it is better to trade it from the regular miners charts.

Not hedged my longs on this break as it may bounce from the low 2pivot and my 13.81 objective, although am aware of the lower trend-line in view...

Getting to the point of interest...

I would like to see the pattern objective achieved or exceeded on GDX before adding longs...

Would like to see it bounce here...

The Chinese and Russians hoover it all up..lol -- thereby transferring the wealth (power) to the East.

I must be right cos I am out on a limb (Al Alone)

Wake Up!!

30Min Update...

I know Oil dropped but did we get cheaper fuel?

http://www.shadowstats.com/alternate_data/inflation-charts

While I am buying the physical down here...I do prefer Silver.

I mean! ...Where else do you put your cash apart from the commodity sector/? I have some in the FTSE hoping for a bounce from the 20/MA and the 38%Fib, but the weekly has some heavy resistance...

Maybe an Inv 'H&S' if it can recover and close above the 50% of last weeks candle.

While there may be some overshoot on the weekly line chart below the lower 'Wedge' line to satisfy the weekly candle chart pattern objective I think it prudent to start easing in here...

The BRICS nations (Brazil, Russia, India, China, and South Africa) are moving ahead on their alternatives to the International Monetary Fund, the World Bank, and USA dominance of international trade by opening their New Development Bank:

Link

Another cut to the $USD's dominance. 'Death by a thousand cuts'

There may be a Bearish 'Wedge' indicating one more int high first...

If you want to be short...then short the paper with a guaranteed stop, but buy the physical.

Note the divergences even on the 20/Week MA...

Easing in on a Low risk accumulation zone...

Accumulating the physical through to month end at the 50%Fib is a wise move imv. See if we can get a 'Hammer' on the weekly..

the lateral line at $1000 or the lower trend-line is the objectives, while Silver out-performs perhaps...

Relief rally in the commodity complex as the USD 'Bear Flags'/?...