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Mining Stocks New Bull Market Underway

Published 01/21/2017, 11:57 PM
Updated 07/09/2023, 06:31 AM

A longer term view of the 20-month moving average on mining stocks (via XAU) suggests that a new bull market is well underway. This moving average has not only been recently retested but is rising as in previous bull markets. The negative sentiment extreme reached several weeks ago is providing the fuel for this first leg higher.

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I'll be honest Gary. Trying to figure out where gold is going is like trying to forecast a 30 day weather prediction. There are some expert bears out there telling a different story. Epstein is seeing problems for gold in his latest video. Although he is bullish on miners. So how can one be bearish on gold and bullish on miners? I also believe investors will put faith in Trump's economic reform which should boost the USD. Is it possible for the USD and Gold to form a positive correlation?.
Gold and the us dollar move in opposites for a reason.
Thanks Gary!
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