Fuente: Safehaven.com y Jordan Roy-Byrne
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History makes a strong argument that this leg down in the miners is the final leg down.
The bears analog chart argues that gold stocks could make a double bottom or perhaps a marginal new low. In my opinion, a new low would be a false new low. The next chart is a weekly plot of the HUI and GDM, the forerunner to GDX. The support (or buy) targets are quite clear.
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