The Gold Rally Gets Legs

With the U.S. dollar collapsing under its own weight and breaking key support gold is finally breaking through its long-term downtrend.

With the U.S. dollar collapsing under its own weight, and breaking key support…

uup

 

….gold is finally breaking through its long-term downtrend….

gldbreak

 

….and bringing precious metals miners right along with it.

gdxbreak

 

I would also note I composed this post on Friday, ahead of gold’s continued ascent after the weekend.

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