Doc and I follow up on the technical outlook for GDX and GDXJ that we discussed yesterday. We were watching this declining triangle for GDX and GDXJ that is normally bearish. However today we are seeing these charts pop above the triangle and show a much more bullish look. We also consider the daily USD chart and the bearish look we are getting there. If these play out we could easily see the dollar move down and this lend some support for the PMs.
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