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Heads-Up On Gold

The Junior Gold Miners Index (NYSEARCA:JNUG) appears to have put in a low and turned up. A move above my trend-signal line (currently at $15.70) will generate an Intermediate Term Buy Signal:

The buy that followed the major bottom in January of this year was followed by a rally from about $3.50 to over $30. This one is worth watching. The short term chart (120 minute bars) below generated a Buy Signal on Tuesday and is often a forerunner to the larger term model.