Last week’s encouraging 6% gain triggered a theoretical ‘buy’ signal at x=34.82 for a shot at 61.54. It could take a year or more to reach that Hidden Pivot, and although it is not pie-in-the sky because of the impressive look of the pattern, we’ll focus for now on a more realistic target at 43.73 for now. That is the pattern’ midpoint pivot, and it can serve as a minimum upside objective for now. Stay tuned for guidance on option spreads that could offer a cheap way to leverage the move. _______ UPDATE (Mar 4, 6:45 p.m.): Two weeks of selling have generated a so-far weak impulse leg on the daily chart without altering its bullish look or that of the longer-term chart shown in the inset. _______ UPDATE (Mar 6, 10:15 p.m.): The ‘bullish look’ alluded to above will endure until such time as mid-January’s low at 29.25 is exceeded. Looks aside, the plunge from Feb 20’s high at 35 is more than a little discouraging.  GDXJ looks like it will test the 29.25 low before it can turn around. _______ UPDATE (Mar 21, 9:36 p.m.): The 34.07 rally target shown in this chart is tied to a tired-looking impulse leg, but GDXJ should get there anyway because of the larger, bullish ABC pattern that is also pushing this rally. Will it take a week? We shouldn’t be surprised if this proves to be the case, since that’s the way gold rolls.______ UPDATE (Mar 28, 9:34 p.m.): Once again, gold has snatched defeat from the jaws of victory, causing this junior-miners ETF to fall 3.5% in the space of a few hours. It became a ‘mechanical’ buy at 32.05, stop 30.60, but the signal is weak and the trade is therefore not recommended. _______ UPDATE (Apr 1, 10:32 p.m.): The 29.84 downside target shown here looks like a lay-up. You can use it to bottom-fish with a 29.87 bid, stop 28.79. (4/2 addendum: If GDXJ is going to reverse, it will need to come from p2=30.78, where the downtrend has stalled for the last two days.) _______ UPDATE (Apr 4. 6:05 p.m.): Very cute, today’s goosing. Now, if buyers can push this brick above a minor ‘external’ peak recorded a week ago at 32.14, it would create a minor bullish impulse leg.