Gold Miner Buy Signal Alert (GDX)
Gareth Soloway | Aug 16, 2018 12:52AM ET
Shares of the VanEck Vectors Gold Miners (NYSE:GDX) took another major beating today, falling for the sixth straight day. This fall is different than the last few. First, there is panic in the selling. That is actually a good sign. Bottoms are made by flushing out the weak hands in a panic. Next, there is a major double bottom on the stock chart. Price just tagged it. Technically speaking, this is a major support level. Lastly, there is a time count. Proprietary PPT Strategies signal a bounce tomorrow and Friday. Enjoy!
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