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raczek
Mar 21, 2015 1:42 PM

Gold miners Long

VanEck Gold Miners ETFArca

Description

This chart shows gold-miners GDX bottom achieved in Nov 2014, and currently possible double-bottom in play.
Once the price closes above 22 and stays there on weekly-chart, we may experience a rapid move towards 30 and later above that level.
I think it's the most probable scenario right now.
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