Tuesday, July 23, 2013

Gold miners gain 20% in less than one month, off 13-year support!

by Chris Kimble

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The Power of the Pattern shared that a 13-year opportunity looked to be at hand in the chart below, post a few weeks ago (see post here) The past month has been very good for mining stocks and the ETF (GDX).

CLICK ON CHART TO ENLARGE

The above chart reflected a long-term support line was at hand in the XAU index and a nice rally has taken place over the past few weeks once this support line was hit.

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