Building a Golden IHS
Symbol:
GDX
Opportunity:
This is an update to our Miner's Coverage List.
So far a nice strong turn this AM as potential start to the (iii) of circle i of a new wave 1 of (3) in GC, but it can still be just a b of a slightly deeper (ii). I want to see the rest of a (iii)-(iv)-(v) of circle i up into early Aug and then a fade as ii to fill out the rest of an IHS (purple). This setup the powerful circle iii of 1 back up to the region of prior highs (1370) and then ideally we get a iv-v of 1 to 1400 region into EOY.
I think GDX can be working on a small LD for (i) of the blue circle iii in wave 1 of (3) also for names in the white/blue camps (like AEM for example) or 3 of (1) for names (like ABX) in the orange camp.