JAY_c5velm

Important bottom

Short
JAY_c5velm Updated   
AMEX:GDXJ   VanEck Junior Gold Miners ETF
Think an important bottom is in sight, and could be reached at the end of the month.
Gold could be around 1620 and GDXJ 34$.
If that target is reached I will enter a long position, in gold and GDXJ.
Could no the FINAL bottom, but an important one. Think bear is still around after that target.

Noise Annoys
www.youtube.com/watch?v=UMvIftbQ...
www.youtube.com/watch?v=iPrBEmMv...
Comment:
Reached level 43. I expect a rejection and more downside from here. Target 34$ and 1620 still possible. Could take some more days, maybe first half of November.

If gold moves upwards and so does GDXJ till 44$-45$, idea invalidated, and bear could be over.
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