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MrHankydoesWallStreet

HUI turns ugly

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HUI gold miners index is undergoing massive smackdown with a huge bearish engulfing candle on the weekly chart this also accompanied by RSI bearish divergence has consistantly signaled major reversals. I am going to lighten up on my PM funds held in non-trading accounts. Solid support at 500, if that goes probably will dump everything(excepting physical of course)then see if we get back to Gann 1X1 which has been serving as reliable uptrend mean.

 

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