Dear Steemit friends,
Here is my video from yesterday (13 Sep) on gold & GDX.
It looks like gold and GDX are likely to move up over the next several weeks for the following reasons:
DXY is has been under 20 DMA for 3 weeks; Gold was oversold in mid-Aug; GDX chart shows a positive divergence; GDX gave us a large-volume green day.
Let me know what you think in the comments below.
It may get more demand as emerging markets continue to struggle in the value of their currencies despite recent inprovements against the USD recently.
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Great analysis. Thanks.
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