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Tuesday, Nov 20
2012, 10:35 AM
Chart watchers see encouraging signs for gold miners, as the GDX ETF “is still trading...
Chart watchers see encouraging signs for gold miners, as the GDX ETF “is still trading above the medium-term trendline from which it broke out in late August,” writes Michael Kahn for Barron’s. “Bears will correctly argue that it is now clearly below its 200-day moving average. However, the intensity of the selling last week was quite high with large daily ranges and heavy volume."