We’ve seen that GDX has broken out. HUI is about to break out. This yields a target of $425, which is bang in the middle of the ‘zone’ I’ve marked on the second chart. It would be the perfect end to a reverse symmetry move and a great place to take profits and reduce position size whilst a correction likely takes place before the next big move up.


EDIT – HUI HAS BROKEN OUT ($277) – I don’t know why, but Tradingview software hasn’t updated yesterdays closing price. This gives a confirmed breakout of the bullish flag/pennant. We’re on our way !!