Short-Term Bullish Signal For Gold Miners
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While there is a growing concern for a correction in Gold and gold stocks, the evidence is lacking. The GDX advance decline line signaled a breadth thrust for only the third time in the last 11 years. After the other two thrusts, GDX gained another 20% and 60%. A breadth thrust is a burst of extremely strong participation after a bear market, correction, or larger downtrend.
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