GDX update December 2

GDX: Goldminer bugs should get ready. In our opinion GDX is ready to move higher. We have a lot of positive divergences from daily to weekly and buy signals creeping into the charts as well. We really start to like the set up here. A simple c=a relationship should target $40. That’s a double bagger right there. Lets’ not yet wet ourselves over potential Fib-extensions as GDX now first needs to take out $23, then the upper red trendline on the daily as well as the 20d and 50d SMA at 21.80s and 23.40s. Lots of work to be done still, but time will tell.