GDXJ’s gap opening through a daunting midpoint resistance was not quite as impressive as Comex gold’s simultaneous thrust, but it was persuasive nonetheless. The rally ran out of gas on Friday, but the way buyers handled p=48.39 suggests the pullback will not get very far before they are raring to go again. The earliest the turn could come would be from 47.57, the ‘d’ target of a=47.88 (1/24) on the daily chart. In any case, I’ll reiterate targets that are theoretically in play, for the record: p2=51.65 and D=54.92.