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Countertrend Rally for GDX Gold Mining ETF


Countertrend Rally for GDX Gold Mining ETF
By Mike Paulenoff, www.MPTrader.com

My near-term technical pattern and momentum work in the Market Vectors Gold Mining ETF (AMEX: GDX) argues that a meaningful near-term low was established yesterday at 25.30 and that a countertrend recovery rally already is in progress that should propel price to at least 29.80-30.00 and thereafter to 32.00.

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