First of all, someone is claiming that I put out some recommendation on DUST. I have NEVER recommended such an ETF and this appears to be a deliberate attempt to mislead people. You can search this blog; I have never made any recommendation involving any specific ETF. The motive behind this scam is curious to say the least.
Secondly, a closing ABOVE $35.15 for year-end in oil will signal that we may not see oil collapse. It is entirely possible that the cycle of war will kick-in going into 2017.
Additionally, a closing for gold on the nearest futures ABOVE 1044.50 will also warn that it may not be as weak as it appeared at first glance, given it did bottom on the first benchmark.
A simple year-end closing below 116.40 in the euro confirms a broader correction is in motion; the earliest potential low is in 2018 with the potential to extend into 2021.
There is some very interesting posturing going on in the world markets at this time. We cannot rule out that the entire trend will BEGIN to go nuts in 2017 rather than conclude at that time frame. We are looking at treading water moving sideways into 2017, and then everything will go nuts, which includes major political changes. We are looking at a much more disruptive pattern that will blow the roofs off all the temples of politics.
The closing of 2015 in so many markets will set the tone for what is about to unfold. Either way, we are looking at a major change in trend for government is losing control of the economy.
