GDX, daily
GDX, monthly
Summary
Arguably, today's daily gain, is reflected even better on the monthly chart
Next upside target is the 30/35 zone, the latter of which is a powerful 40% higher from current levels.
-
Certainly, the next few weeks..and 2-3 months could see a long awaited multi-month bounce.
...and indeed, I'd still call it a bounce.
*If the main market sees a sig' correction this summer, the mining stocks will get whacked lower, barring some jump >$1500 Gold - which seems completely out of range right now.
