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If there’s one asset class I’ve been steadfastly bullish about for over a year, it’s precious metals. I’ve mentioned the Slope theme (bullish precious/bearish equities) ad nauseum, and in spite of my completely ham-handed trading with the beast, my enthusiasm for precious metals has been correct.

That’s all the more reason I’m cheering on the latest breakouts – – and the plural is deliberate. We have precious metals miners:
 

GDX

And the junior gold miners:
 

GDXJ

Silver’s rise has been jaw-dropping (starting 14 months ago, I started obsessing over the incredible rounded bottom base)
 

And the laggard palladium, my personal love interest, is showing signs of life.
 

The next task at this point is for GLD to conquer its gap at 394.20. Do that, and I think we’ll have another good leg up.
 

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PALL Comes Into Its Own
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