Friday, January 4, 2013

1/4: GDX - Gold Miners ETF

Once again, the Gold Miners ETF has held the high $44 level and is rallying above $45... indicating that a short-term bottom has been set in the gold/precious metals complex.

My upward target for the GDX is around $51, but I still believe there is one more selloff in the metals sector after this rally peaks in the coming week(s).

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