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GDX: Progression Scenario To Measured Move Target Of 15 - 16

|Includes:VanEck Vectors Gold Miners ETF (GDX)

The weekly chart of the Market Vectors Daily Gold Miner ETF (NYSEARCA:GDX) gives some perspective on where this index may be headed.

This is a chart that might be retrieved several months from now to see how GDX progressed.

(click to enlarge)GDX Weekly ProgressionClick to enlarge

Chart by TeleChart

Disclosure: I am long DUST.

Stocks: GDX