The Peruvian company is still one of the better juniors. $GDX $GDXJ $GLD $SLV $NUGT
This is one of the more extreme gold miner charts I've seen. It dropped a whopping 75% in 2015 alone, and then got it all back in 2016. Wow! Not to mention, it made higher lows in 2017. If it continues to rally there is very little resistance. It probably will, since Gold is strong and USDollar is very weak (failed intermediate cycle). An entry here offers...
Be brief, do not doubt that the price is showing intentions towards the resistance level around 14.60 Technically this resistance line it has not been broken or is confuse, but the bullish gold futures support this idea give time
Gold/Silver are slumping, but considering GDX is due for a rebound, this scenario may still be promising. Wait & See.
See if the rocket would take off this time. S/L at 11.25
Considering the current bullish move from Gold, this looks plausible.
Price into W DZ, w8ing at D1 TF for PA. 2 TP: 1st - W SZ, 2nd 3MN SZ. Will see what price do at W DZ. Now...w8. Patience as always :)
Bearish patterns following EWs. Patterns predicting wave 3 ending, wave 4 ret. and ending wave 5