Can Gold Stocks End The Downtrend This Month?

Check out this monthly chart of GDXJ that contains the well-defined bear market downtrend that began in 2011.  Notice how during these past 5 months, GDXJ has been pressing up against the upper end of the downtrend channel.  We could see a breakout over the next month or two out of this bear channel.  The increase in volume this year and MACD cross higher are also bullish.Visit to see more great charts.

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