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UnknownUnicorn540299
Apr 5, 2017 3:10 AM

GDXJ: Second chances 

VanEck Junior Gold Miners ETFArca

Description

Market might give one more opportunity for miner enthusiasts before take-off.

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P>38.7 --> U gotta chase :)

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A bit distorted angle regards to timing, but nevertheless, expect more downward movement.

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Things go so slow in the world of gold. Wave 4 should be complete.
Let's get that wave 5.

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Anticipating now soon the last leg:

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It didnt reach higher than 35.2, had anticipated 36. I have to work on my estimates.
Comments
ARGOS1
Hi Viking83,
Nice labelling for a double bottom.

Can you do a bullish gold chart sometime breaking out about 1263.80 with cup and handle projection with a brim(same meaning as lip or top edge of cup and handle) of around 1258.63.

Yes, I am late on this as it up to 1268 around 11pm NY time. The following are approximate. Project 1258-1125=133+1258=1391. About 1390. That is, if I am correct on the actual pending breakout as well as the calculation criteria.
Have a great weekend.
ARGOS1
@ARGOS1, Viking83. Sorry getting late for me. Either number I couldn't decide getting late. 1263.80 gives about 10 to 15 more. Good night.
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