Besides what I wrote in the backlink, here's another reason to be careful with M+M right now. GLD gapped below support in a serious breakdown and is now back testing from below. Odds are high it will bounce down per the blue model. But that bottom should be a major major, perhaps forever bottom. In fact, I will say likely just that. So stay frosty on the miners, use stops and watch these important support and resistance levels.
Monday, August 10, 2015
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