Daily Archives: May 16, 2016

Here we play the short-term technical game again despite the gold sector running against its own fundamentals (i.e. as the ‘inflation trade’, including mining cost input oil, continues higher).  At some point this will matter.

But on the other side of the coin are price, momentum and technicals.  A Monday open can be a tricky thing, but as of this moment GDX is in a posture to break the most recent consolidation.

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