GDXJ Takes Back The 50dma

GDXJ takes back the 50dma on the second biggest volume in history for this ETF.  Also if you plot GDXJ:GDX on a weekly basis it’s back above the 30-week moving average.  So far the breakdown in gold from the tight coil has NOT produced a new bear market downleg in precious metals so we have a possible failed move to fast move higher forming.Visit StockCharts.com to see more great charts.

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