Gold miners overbrought ?
This monthly chart show just how little the move has been on a long term chart. Yes NUGT has doubled in the past 2 weeks, HUI up from 98 to 140. If 140 holds on a weekly close then the bear is dead. I think we will have small retracement then back up. I think there are plenty of buyers that want into this trade. I think gold will hold $1130
Pick your favorite miners and put them away for a while.
Pick your favorite miners and put them away for a while.
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