SIL Miners ETF (SIL)

[tootalljones]

roughly the high of gdxj was 42.7, hit sept 4th, minus ten percent pullback figure which wall street likes to use, = 4.3 is 38.4
I factor in that this is gold stocks so you know the 3 month pullback will be more than 10 or 12 percent

so just add in another 2 bucks, perhaps almost 5 percent, and we are at a good 14% buy point today as a pullback

14% retracement. 42.7 * .14

5.978

42.7 * .14
so we are right there now, if this is just a 14% retracement.

a $5.978 buck retracement if it is 14%.....which is the current price of gdxj

soemwheres around here. The mantra is that when you are in a YOUNG bull market (not an aging one), pullbacks are very sharp but short in duration. My calculations are arbitrary I suppose. I gotta figure as rates come down, GDXJ will be up to at least the old high, which means closer to a 20 percent gain, the next year. IF WE ARE IN A PRECIOUS METALS BULL MARKET, IT WILL BE UP EASILY 2X THIS, 4O PERCENT....BOTTOM LINE GOAL