More Downside Potential in the Gold Stocks

While we expected the gold stocks to correct and test GDX $ 22 and GDXJ $ 35, we did not expect it to happen so quickly. It literally took only three days! Gold stocks rebounded on Friday and managed to close the week above those key levels. While gold stocks could bounce or consolidate for a few days, we would advise patience as lower levels could be tested as spring begins.
The Market Oracle

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