Gold Bugs/ Still Bearish *PIC*

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The Major Gold stock ETF:GDX once again bumped up against its 14 month downtrendline and backed off. The Junior Gold stock ETF:GDXJ is doing the same thing. For a change in trend back to UP with the Gold stocks, this downtrend has to reverse and start outperforming Gold. A break above this downtrendlilne would be a positive sign.

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