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Gold Fingers

This is a syndicated repost published with the permission of Slope of Hope – Technical Tools for Traders. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

I think gold noticed I said it always failed and decided, “Oh, YEAH?” As I’ve persistently said, want gold to thrive. I’ve got a bunch of the stuff in a safe, and I think there is no better jab in the eyeball to Powell than for precious metals to soar. So this is cool:

Next goal is for GLD to push past its price gap; that’s an important test.

Miners, as seen with GDX, has already accomplished this task.

The very long-term picture is still plausibly uber-bullish:

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