Best Gold Stocks to Buy Now: AABB, GOLD, GDX 
Back in July last year, in an article named, “FxWirePro: Dow maybe heading towards a test of 20000 area”, available at http://www.econotimes.com/FxWirePro-Dow-maybe-heading-towards-a-test-of-20000-area-239558 , we suggested that Dow might be heading towards 20000 area from the then current price of 18540.
After the election of Donald Trump, in a subsequent article, published in last December, named, “FxWirePro: Dow reaches 20000 target; extended to 22500”, available at http://www.econotimes.com/FxWirePro-Dow-reaches-20000-target-extended-to-22500-461273 , we suggested that the index would reach 22500 over the course of next year or so.
In a subsequent article in August this year, available at https://www.econotimes.com/FxWirePro-Dow-target-extended-from-22500-to-23500-830926 we extended the target further from 22500 to 23500 citing our confidence in the index, despite gridlock. Here is a part of the piece, “The Dow Jones industrial average is currently trading at 21990 and we remain committed to the above mentioned target, despite the political gridlock in Washington. While the Republicans continue to fail to pass much promised health-care reforms, we strongly suspect that the fight would be a lot easier when it comes to the tax reforms.
In addition to that, the recent earnings have shown that the economy remains strong despite it being a jobless recovery for many. While the current turmoil in the White House remains a major drag, but it surely is not an unexpected one, given the insurgent nature of this Donald Trump presidency.”
In October, we further extended that target from 23500 to 23900 with earning season approaching and forecasted that this target is likely to get reached by next year. At that time Dow was trading at 22820.
This week, the Dow Jones industrial Average has reached our target and beyond as U.S. Congress inched closer to approving tax cuts and reforms bill, known as ‘Tax Cuts and Jobs Act’. This week, the index is up close to 3 percent and the Dow is currently trading at 24233.
Our calculations suggest that next target for the index is around 24,500 area. As the market is extremely ripe for a correction, we do not see much upside beyond that area before a correction.
