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Wednesday, December 10, 2014

GDX just peeked above the SMA(50)


GDX is peeking over the wall to see if all is clear:


And GLD is saying it's okay to come out:


On the one hand it's nice to see GLD sticking fast to its +2SD line, but then again a +2SD advance might be too good to be true and GDX might get its head shot off in a reversal.


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