Looking at gold I determined it’s simply history repeating itself again. Without rambling too much I’ll let the chart speak. In my opinion, from the current level on gold – you have a risk of $12 drift lower to the bottom of the wedge. Yet you have a reward potential of $75 as EVERY past fractal/wedge pattern traded out 80-100%+ of the decline. Thats 1:6 risk/reward. Pretty good. It’s a matter of when – not IF, in my opinion.

Unfortunately GDX doesnt seem to have tracked as well in the past when overlayed on this chart – but if this is a new bull, who knows this time?