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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG -- Ignore unavailable to you. Want to Upgrade?


To: Wade who wrote (32533)12/2/2011 1:21:09 PM
From: Wade  Respond to of 48092
 
<It is still in the play. If GDX is still in the post X-wave correction the current rally may end between 62 to 65. Then, followed by another smack down to low 50's into March/April. Then rebound to breakout and to new high.>

In this case, GDX could follow the same pattern during its Jan to Apr. 2011 run. Therefore..right now...it could be equivalent to its Mar. 2011 position. We shall see. Good to see GDX is holding up around its Fib line. This small pulled at here is a normal step... in my bullish opinion. ..BWDIK

Take care.