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Price Structure Peaking for Gold Miners


Price Structure Peaking for Gold Miners
By Mike Paulenoff, www.MPTrader.com

My pattern, momentum and cycle work on the Market Vectors Gold ETF (AMEX: GDX) suggest strongly that the price structure is peaking and could roll over at just about any time in the upcoming two weeks. This is also due to my perception that the underlying fundamentals have turned less friendly towards the miners, gold "consumption," inflation, and the overall bull market in equities.

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