The nearly $5 gap last Thursday from p down to p2 made more slippage to the d target at 94.78 all but inevitable. The good news is that GDXJ will have an opportunity to halt a steep slide that has persisted since August, This corresponds to a speculatively bullish scenario I’ve sketched for December Gold (see above). I would encourage you to use the target to bottom-fish in this vehicle, provided you understand how to fashion a ‘camouflage’ trigger to significantly reduce risk. The tactic is detailed in the Hidden Pivot Course I’ve made available free to legacy subscribers and new ones who sign up for a full year.
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