Agreed that $2,380 level is the next target. Am waiting for some irrational exuberance in the buying of our gold shares. One poster had 7,700 as some critical support level for our XGD, which currently sits at 7,545. If we follow the GDX and rise 3.2% on Monday, then that puts us over 7,700 on Monday. Maybe a run up to 8,500 in the next week or so to get the latecomers piling in, before the rug pull?
Did Gary have a number for his retracement to his daily cycle low?
