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TFC Commodity Trading Forum

Re: Gold Weekly Chart: Battle at the 65

Another interesting thing happening today is the performance of the mining stocks. Despite Gold's $30 decline, the main precious metal indices (HUI, XAU, GDX, GDXJ, XGD) are all in positive territory for the session. Of course it's early yet and, even if they hold their gains into the close, it could be a one-day wonder. But this is the kind of divergence that normally marks a bottoming and turn back up for the sector...definitely time to pay close attention.