December 27th – Friday Trading

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December 26th – As Expected

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Well, a holiday shortened week can be a light volume non-event, but it sure wasn't this week! We have been anticipating a likely Bullish Break out in the Precious Metals sector, and that is exactly what we got.  Even the volume on Tuesdays 1/2 day of trading was heavy, so while we discuss progress of a few of the other sectors, we are going to focus on Miners a bit more in this report.  ARE YOU RESTED & READY FOR ACTION?  THIS SHORTENED HOLIDAY WEEK MAY NOT BE TAKING A REST  🙂

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Dec 24th – Half Day Of Trading

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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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