JAN 20 GDX/HUI INTRADAY NOTE

GDX/HUI INTRADAY NOTE:

We hit a hit today on the GDX of 23.02, which is still a little below of next target of 23.35. The high at 23.02 could be the end of wave -iii-, but we see no indication of that at the moment. A breakout in gold above the overnight high of 1294.30 will keep the rally in the GDX moving higher.

Thanks!!

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