Gold Gap Approaching

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I haven’t been trading gold or miners for a couple of weeks, but I’ve been watching it tumble recently with interest. My opinion is that miners are getting near a couple of strong areas of support, and I suspect GDX will put the brakes on at about $24.

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As for gold, it’s a tougher call; it seems to have a lot further to go – perhaps around $123 on GLD.

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