Market Vectors Junior Goldminers ETF (GDXJ)

[silkyballer]

Update.... Okay guys... So here's the deal... Rate hiked most likely completely baked in... Two factors that just made metals extremely bullish in the last 3 days...

1. Oil ... The constant devalue of the yen to fix the SPX and the appreciation of the dollar finally broke oils back, which is HUGE for metals... Although I fully expect that gross gremlin yellen to raise rates, if oil drops under 45 this week before weds you can cancel that hike... Period.... Oil market is way bigger than the BOJ and that game is just about up..

2.. Euro... If oil falling apart wasn't good enough, ECB just came out on Friday and said not only are they tapering but they want to do rate hikes in 6 months... The euro is going to fly over the coming months and the dollar is going to get destroyed...

Gold just turned around on Friday but important levels for Bulls will be the 1210 then 1213 and 1220... We clear 1213 and should be confirmed uptrend again... Although I don't think we will see new lows, my long limit is 1180... Hard fail at that level, and I'm bailing all....

But let me tell ya... Things could get rad for Bulls real quick this week