…for GDX.

For most investors who don’t understand the power of a bullish rising wedge, they have no clue how bullish the GDX really is. After breaking out from the multi-year H&S base, the GDX formed a bullish rising wedge as the backtest to the neckline. The second consolidation pattern is the October bullish rising wedge. IMHO, this is about as bullish as it gets.

Oh, and as an update, my bullish call spreads on GDX (June’s 90/130) up 70%, another 230% to my target (when GDX gets close to 130).