The targets for the GDX trade have been re-sequenced with top of the former R2 (resistance) zone now T1, where GDX is currently trading. If this level is cleared I would expect prices to find considerable resistance at T2. As this trade is current up about 20% from my preferred pullback target (yellow uptrend line) consider booking partial or full profits and/or raising stops. This updated daily chart reflects the revised targets.
For those subscribed to receive post notifications, I plan to update several of the active long gold & silver mining stock trades over the next hour or so. As each trade needs to be updated in an individual post for categorical purposes, I will be suppressing the email notification feature on those posts. Therefore, you may want to periodically check the site if you are following any of those trades. Personally, I have just booked full profit on several of my positions with sell limit orders place on the remaining few not too far overhead. As of now, my intention is to recycle back into many of these positions following a pullback or consolidation to help alleviate the near-term overbought and overly bullish conditions.