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Monday, April 20, 2009

Gold and Gold Miners, trend

Quick look at Gold and Gold Miners. I am still a HUGE backer of gold/gold miners in the next 3+ years. But in the near term I remain cautious. Take a look at gold and ETF GDX for gold miners on recent price action. Both have broken to the downside on trend.

Gold (GLD)
From WebSurfinMurf's Financial Blog


GDX (Gold Miners)
From WebSurfinMurf's Financial Blog

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