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Gold and GDX on the Move

Gold and GDX on the Move
By Mike Paulenoff, www.MPTrader.com

Gold prices and the Market Vectors Gold Miners ETF (AMEX: GDX) are higher this session in sympathy with the surge in energy prices. As of this moment, the price structure has broken above its prior rally peak at 46.68 on 5/09 as well as its March-May down trendline, which triggers upside follow-through to 48.00/30 next.

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