- Dec 6, 2010
First reaction is normally wrong....recall 2016 sept fomc gold and miners shooting up post fomc only to get crushed into oblivion. This time could always be the exception of course.
My target for GDXJ was $34 on this rally, but with today's sell off, we might be putting the top in for this rally. Just a short term view. I'm watching $16 silver. If we pull back under 16, then I think we correct for a week or more. But as long as that holds, I think we head higher.