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Chart 1: GDX & GDX Advance Decline Line
I always harp on this because it is very important. The A/D line is such an excellent leading indicator.
The GDX A/D line went below its September low more than a week ago. Now it's well below that point. This bodes very negatively for GDX which is still trading a good distance above its September low.
TheDailyGold Premium #595
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We published TDG #595, a 21-page update Saturday evening.
This update included an updated company report on our largest holding. The company is currently drilling and this is a good time to get in. Despite the carnage in the sector this stock has held up well. Its digested previous gains nicely. The company has huge potential and has already hit once. The stock is ripe for another big move if they hit again. And they have excellent targets.
Money is still flowing into discoveries despite the downtrend in the sector. So don't throw away everything. We do have a handful of plays we are very optimistic on.
That being said, the downtrend in the sector is at risk of intensifying.
We made money in August as our hedges worked out beautifully. Could they perform the same if miners and metals sell off again?
If you want to save money or even make money before the major turn next year, consider a subscription. We profited handsomely on the big decline in August and are positioned to do the same over the coming months.
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My 6 month renewal is due once again. Your work continues to be outstanding and I want to make sure there are no disruptions in the service.
You nearly always read the trends and support and resistance extremely well. Please keep us posted if or when the outlook seems to change. which you always do of course. TDG is the most valuable resource for understanding what is possible to understand about the PMs.
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Disclaimer: This newsletter is intended for informational and educational purposes only and should not be considered personalized and individualized investment advice. Investment in the precious metals sector contains significant risks. You should consult with an investment advisor and do your own due diligence before making any investment decisions. This email may contain certain forward looking statements which are subject to risks, uncertainties and a multitude of factors that
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