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Friday, March 24, 2017

Gold Bugs; Stellar performance stage set again

Over the past couple of years, the Gold Bugs/SPY ratio could be forming a reversal pattern (bullish inverse head & shoulders). If the pattern read would happen to be correct (unproven at this time), the ratio needs to breakout at (1). If it does, it would reflect that miners are stronger than the S&P and it could attract buyers to this beat up sector.

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