Loading ...GDX 2-Hr
The parabolic ascent is unsustainable in the long term but near term it could continue until our first fib targets are reached. Looking for support to possibly kick in by the end of the day.
Here’s a repost of my March GDX chart showing key fib levels and possible path to targets. So far right on target and behaving well.
Nicely done, Mark. Makes sitting tight the right thing to do…
Great roadmap at just the right time…
It looks like many of the mining indexes are trying to fill the April 29 opening gap. So far I view this as constructive. But yes, I try not to get too mired in tick-by-tick action and focus on sitting 😉
Nice! So far so good. Let’s see if it continue to hold.