GDXJ remains an odds-on bet to reach the 54.92 Hidden Pivot target shown. This was all but ensured when bulls gapped through the midpoint Hidden Pivot (p) at 48.39 on January 30. An additional sign of strength is that there have been no selloffs on the daily chart to enable a ‘mechanical’ buy at either x (the green line) or p (the red line). Only true believers would be on board at this point, since the steepness of the rally has left doubters choking on dust. The 54.92 target should be regarded as a minimum objective, since using the lower point ‘A’ available at 40.26 (August 5) yields an alternative projection to 57.17.  The pattern has a ‘secondary’ Hidden Pivot at 53.34 where you should be prepared for at least slight resistance and perhaps even a tradable pullback. Long-term investors should consider covered-writes there.