M+M update via DRD as proxy

Below is the 120 minute chart for DRD.   I bailed out at the last peak because I didn't like the chart action.  Subsequent to that, I created this post which, based on the rounded bottom of the left wave as well as the waves that preceded it, expected that it would be a 3 wave plunge (5-3-5) to a slightly higher low.  In that post I wrote, " If you are in DRD and you are not a trader, then don't freak out if this happens.  In fact, it would be the signal to buy more in anticipation of that 3rd wave up." 

What I modeled on July 8th is looking you right in the face today.  The right hand, upward pointing side of this inclining double bottom should move quickly at this point.  A lower low would negate this view but I am convinced that the odds of that are quite low based on 5 waves down.

Minimum target $4.75, could go up to $6.23 before a pullback.  As you can see from the monthly chart below, DRD has gotten killed for years but they are finally getting their act together and the share price is going to reflect it.

Strategy: buy ASAP, sell after 5 waves up that form a higher high than ~$3.50.  That does not mean sell at $3.50!  It means that is the minimum I would expect even if 5 waves had not transpired.  This one is  a gift folks.  Any shorts in this stock are going to have to come to grips with the fact that DRD will not BK and as GLD rises into the E and final wave of its triangle, DRD will skyrocket in percentage terms.