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Gold pushed a bit higher on Monday and it has closed above the 50 sma. On what would normally be a light volume week of holiday trading, GDX pushed away from the 50 sma with decent volume. We now wonder: "Is Gold about to rocket higher?" Why do we ask? Well, we have been anticipating that possibility for weeks as the sector churned sideways and on Monday The Miners seemed to think that it is time to go higher.
Let's just take a look at some of the recent charts from past reports along with the current set ups, and discuss further what we have been looking for.
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