Perma_Pig

Parabolic Setup on the Mining Juniors

Long
AMEX:GDXJ   VanEck Junior Gold Miners ETF
This is a very asymmetric trade setup with nearly blue skies to 100 if it can catch some momentum in the coming sessions.

We also have a nice little fractal that shows us the path upward, should we break 49.

I would not front-run this one and would wait for 50+ daily close before a serious entry. With this level of confirmation in pocket, I'll be taking a rather aggressive stance.

Its a clear magnet-move to 100 - if for no other reason than it being one of the only decent plays available.

=PigMagnet


AMEX:GDXJ
TVC:GOLD
TVC:SILVER
MCX:GOLD1!
MCX:SILVER1!
ASX:GOLD
AMEX:GDX
NYSE:GOLD
Trade active: Might see wealth transfer from BTC to Gold and Silver in the very near future. Could be a catalyst for this apparent parabolic move in the juniors.

Let's see.

Perma_Pig