From my analysis this are my targets for the comming month. Mid December more or less, is my stimated time to get them
GDXJ: fill the gar at that levels. GDX: Same, could reach 35$-36$ (now at 25$) And gold....back to somewhere close to 1.920$
Good times coming, and dangerous, as ususual. Good Times Tomorrow, Hard Times (The Long Ryders) youtube.com/watch?v=jls8ExbqV58
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If (and I expect so) GDXJ gets close to 42$ in the week of the 5th of December (between the 5th and the 8th most probably), it would be a good exit point. The impulse up could calm for some days (5 to 10) before going up again. So short with caution is also a posibility, thinking that you are doing so against the main trend (weekly and monthly). The first (weekly) is confirmed and the second still not, but most probably. The same goes with gold.
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Gold could be around 1.860$ by those dates. (5th December Week).
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Special attention end of next week, prior to FED meeting. Best time to exit or reduce lon positions.
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I expect a top around 41$, then could correct for some days. Maybe at the end of the month or first week of the ew year. Thinks go at a diffrence pace, but go up. Not explosive move this one, but could be the next after the correction The impulse is UP in the sector. MIners cant go up without gold.
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Gold rush is ending and GDXJ will also end..41$-42$ could be this friday or begining next week, then i will exit longs and enter shorts. The move in miners is not explosive and could a correction...ranging down a bit for some weeks. Over all very bullish
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Next weel. (monday to wednesday) we´ll see a top. First could be in miners, then in gold. Around 41$ i will sell my holdings. I partially sold today also. And the i will go short
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