GDXJ – Junior Gold Miner ETF (Last:54.48)

GDXJ looks all but certain to achieve the 54.92 target shown in the chart. The gap opening through p=48.39 on January 30 was an encouraging sign, and the more recent dip below the red line (p=48.39) was also impressive. since it triggered a so-far profitable buy there. We usually initiate ‘mechanical’ trades at the green line, but when the trend looks especially robust, there’s a risk of missing the opportunity by not stepping up to the next level. ______ UPDATE (Mar 14, 8:11 a.m. EDT): This week’s bold leap to a so-far high at 54.72 has left little doubt that GDXJ will not only reach my target, it will go on to achieve the next, an ambitious Hidden Pivot at  57.17 shown in this chart. Although Comex gold and silver futures showed timidity at times in 2025, this ETF for gold exploration companies has confidently led the way up. With mining stocks finally on the move, the health and longevity of the bull market in bullion seems assured for yet more months, if not years.

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