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Gold Miners Consolidate and Hold Support

Precious metals miners have successfully digested their sharp gains from early summer. The miners have continued to hold above key retracements as well as 200-day moving averages that are now sloping up. The miners, despite some fear from market participants remain in position for a September breakout to the upside. Below is a weekly candle […]

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Gold Stocks Showing Strong Breadth

This chart from ShortSideofLong plots the HUI and the percentage of its stocks trading above the 200-day moving average. Breadth by this statistic is the highest since late 2011. It’s a good sign for the potential of the gold stocks to breakout soon.     Source: SentimenTrader (edited by Short Side of Long)

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