We highlighted the technical setup for the HUI in this weekends newsletter, and pointed out that the biggest risk for it is the current rally in the USD. Unfortunately, that risk has not gone away. However, a couple of bullish things happened yesterday, that have us inclined to enter a trade anyway. First, the 200DMA on the HUI currently stands at 196.76, and the 200DMA on GDX lies at $22.85. Both the HUI, and GDX … read more Trade Alert→
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