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TFC Commodity Trading Forum

Re: Gold Stock ETF:GDX/ Lee

Well the key now is 'follow through". Even the GDX needs to follow though with its high close as well as Gold to suggest a rally of substance. But the bounce off support was impressive. Silver was especially impressive with a bounce off strong support as well as the ratio chart with a high close. Been awhile since Silver outperformed Gold. But it also has to follow through to mean much more than a one day wonder. Nice bounce but no cigars just yet.