SalN
Short

Jnug to Gold "The drop is still not finished"

AMEX:JNUG   DIREXION DAILY JUNIOR GOLD MINERS INDEX BULL 3X SHARES
Here is the 1 hour chart for Jnug             . We are in the 5th wave down.....but we are only in the mini 3rd wave of this 5th wave. I wouldn't be surprised if Jnug             hits below the $11.50 range. GL
Kommentar: Gold Daily Chart

Gold is going to follow this path for the most part. Should drop until the March 15th FOMC. 1255 is my target range. If this is the start of the downtrend that I have been talking about for soooo long...then expect a 61.8% bounce retracement in gold and Jnug immediately after the 15th, before the start of the blood gold days.

So with the market correcting tomorrow (most likely), gold should dump - the questions is for how long ? Any input?
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