Dear Steemit friends,
Although there has been a lot of pain in precious metals recently, and you guys probably don't want to hear about this sector, there is something interesting that might be worth your attention.
As you see on the chart below, there is a gap in GDX price at about $19.6. Gaps almost always get filled. At current GDX price of about $18.7; filling of the gap presents a potential for about 10% gains. Considering how oversold the precious metals are, GDX at about $20 over the next few weeks seems very likely.
Guys, let me know what you think about the miners in the comments.
Yes, looks like a bounce in prices is coming soon.
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