GDXJ triggered a ‘mechanical’ buy last week that got nowhere near the bids I’d suggested. Actually, the swoon didn’t even trip a ‘conventional’ buy, since the week’s low missed touching the red line by six cents (see chart inset). We may have to take what we can get if we’re going to be on board for the finishing stroke to the 45.56 Hidden Pivot target shown. I didn’t mention it here explicitly last week (although it was shown in the chart), but it has been our lodestone since mid-March and never in doubt.
GDXJ – Junior Gold Miner ETF (Last:41.81)
