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Gold/Mining/Energy : Gold Price Monitor

GDXJ 115.10

+1.1%

4:00 PM EST

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Lou Weed

To: #Breeze who wrote (115445)	1/13/2023 9:59:46 PM
From: Rarebird	1 Recommendation Read Replies (2) of 116836

Some stocks play very well with Elliot Wave. But many keep on extending beyond their targets on the upside and downside. I think we have a case in point with GLD and GDXJ. If the stock market has begun a new Bull market, with commodities leading the way, there will be great outsized gains in regard to Gold, Silver and some of the gold and silver mining stocks. Although there will be short, sharp and swift corrections, the risk here is not being invested and trying to get cute in terms of timing the short term tops and bottoms. I think GDXJ has a very high probability of doubling over the next two years. I think Gold will rise to at least $2500 USD, with the potential considerably higher. Exciting times in these bull markets.

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