DUST Stop-loss update

DUST intra-day stop loss adjustment alert:

We will honor the stop loss in DUST on a closing basis of $21.50. If DUST closes below $21.50, we will elect to stop out and sell. We are highly confident gold is going to have a large fall into August 5th-10th. There is possibly of one last rally $1829 futures, not much higher than current prices. Most members cannot stomach any drawdowns, so we put tight stops in. Downside in DUST is $20 in our opinion. It tracks XAU which is at extreme resistance: $139-141. Tops are a tricky process. If we stop out near the close you can take a small loss and re-enter when we re-alert in the days ahead or sit and weather a possible drawn down. That is your personal choice. Gold is 17 weeks into an advancing intermediate cycle. Based on the last decade of history most last 12-16 weeks. Gold newsletter bullish index is at all time highs with 98% of newsletters are bullish. This is the type of extreme sentiment we see at tops. We will hold as long as it closes above $21.50. HFZ

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