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Gold/Mining/Energy : Gold Price Monitor

GDXJ 93.43

-4.5%

Nov 20 4:00 PM EST

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From: longjonsilvers	1/25/2018 7:17:59 AM
	1 Recommendation Recommended By POKERSAM Read Replies (2) of 116764

Sobering thots from Gary Tanashian (one of the best analysts out there imho) "As the long-term interest rate Amigo continues upward, the anti-USD ‘inflation trade’ continues onward and more and more gold bug writers emerge from the woodwork, it is time for a little antidote to the inevitable pitches and hype to come. Everything is playing to script and with this little pullback to a higher low in the miners being resolved in the favored direction, the writer bugs are going to further their bullish message and try to get more reader bugs to follow their guidance. But absolutely nothing has changed. We caught the seasonal rally amid much disgust by writer and reader bugs, and it has simply not yet concluded. Nothing more to read into it than that. While I think 2018 is likely to see the confirmation of a new bull market, a selling opportunity is probably upcoming amid gold bug bravado and pomp (oms) because the fundamentals are not yet in order." nftrh.com This however was before the fugly candlestick of yesterday. Perhaps even more relevant now.

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