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 StockCharts.com to see more great charts.

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