GDXJ
Listening to Jordan’s Excellent Review below Prompted this Chart
This would make a LOT of sense for the first real consolidation of the
amazing move off the bottom…A Perfect 32.8% retrace to the end of September at 39
This would be another 12% or so down !
This equates to a 25%m drop from the Top 52-39= 13 and 13/52= 25%
Lets face it..a real correction would be at least a 25% drop and hit the first Fibo .