GDXJ flashed a buy signal a week ago that was every bit as appealing as the one I’ve noted in the Silver tout immediately above. The only difference is that the former broke down last week, stopping out any long position initiated at 121.07. I hadn’t advised this, but the cautionary outcome should soften our expectations for gold, notwithstanding my active recommendation to jump on Silver using a ‘camo’ trigger. If the dubious Hidden Pivot support I’ve sketched at 111.80 doesn’t hold, look for more slippage down to at least 107.89, a ‘d’ target worth bottom-fishing
$GDXJ – Junior Gold Miner ETF (Last:113.65)