Golden Slumbers

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Now that there’s going to be no trade deal (like I’ve been saying for years now……..) this post is a little more “iffy”, but I’ll throw it out there anyway. Specifically, gold’s breakdown from its triangle pattern (although, to be clear, it is strengthening now that this latest failure is news).

GLD

More particularly, I’m intrigued by the triple-bearish-on-miners symbol DUST. The bullish breakout isn’t complete yet, but I find this well worth watching (and, if you’re inclined to beat the rush, you might consider getting in with a stop beneath that lower trendline).

DUST

For myself, I’m pleased to say every one of my short positions is nicely in the green, and I had the stupid good luck of going long QQQ $201 puts just a few minutes before this awesome Trade Failure News hit the wires.