Can the Gold Bugs bust the bands?

This is a syndicated repost courtesy of Gold Traders Almanac. To view original, click here. Reposted with permission.

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The HUI FCS sparked and the buy light flashed after last Friday’s closing price.  I entered a long position in GDX at Tuesday’s open at 37.80.  The spark did ignite a fire as the index rallied sharply this week quickly putting us in the trading comfort zone closing at 41.2 or up 9%.  So now I am expecting the usual smack down erasing most […]

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