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Gold/Mining/Energy : Gold Price Monitor
GDXJ 45.90-1.6%4:00 PM EDT

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From: Rarebird8/20/2021 4:40:54 PM
1 Recommendation

Recommended By
rdkflorida2

   of 116215
 
GDXJ with a close below $40 for the week. I expect more follow through to the downside next week, with an initial strong bounce at the 200-SMA.

Gold miners are good for a huge 7 month rally every 4 years. Otherwise, they are a short sellers dream, as close to a sell and hold as you get.

Interesting that the Gold bugs still dream about the Miners rallying while the broad market tanks. That happens after the Fed stops tightening and the first of a long series of rate cuts is anticipated.

MSFT and AAPL are the real safe havens today, not the Gold Miners

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