Gold & Gold Stocks On Cusp Of Downside Break
We provide our immediate outlook for Gold and gold stocks which is bearish but we also touch on how gold stocks fit into the history of recoveries from mega bear markets. This history implies gold stocks will make a significant low in 2018 and perform fantastically well into 2019.
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The trendline broke this morning, so the miners look to be in trouble. Looks like $18ish could be in the cards for GDX.