GDX - Miners on the rise

By Eboard10
The miners are following the same bullish pattern as gold and silver, having resumed the bull trend as a wave 1 of an extended wave (3) which should take us to $30 over the next couple of months and very likely north of $50 over the next year.

A drop below $18.60 would invalidate this count, though it seems unlikely given the current setup.
Elliott WaveEWFibonacciGDXGLDGoldminersSilver
Eboard10

Related publications

Disclaimer