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Precious Metals Have Long-Term Bottomed

|Includes: SPDR Gold Trust ETF (GLD), SLV

I think precious metals (GLD, SLV, GDX, GDXJ, SIL) have bottomed. Precious metals mining stock indices have all hit major long-term, multi-year support at the same time, while US equities appear to be topping out, and other commodities and Asian equities seem to be bottoming.

Daily Gold Chart

HUI Gold Miners Index

XAU Gold Miners Index

GDX Gold Miners ETF