New Short=New Gold

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Well, now that I’ve gotten my grudgingly-offered long out of the way, let’s return back to the more natural Slope style and mention another short idea. The fir is New Gold, and for those who thought the bearish days of miners were over, look no farther than $HUI, GDX, $XAU, NEM, or ANV. I like the chart below in particular, and I’m using $8.09 as my stop-loss level.