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September 5, 2011 / Jeb

Gold Mining Stocks Make Major Breakout

The action in the precious metals raises interest, especially in the maze created by a fear-driven market. Gold at this time is participating in a runaway move past resistance. Although gold has reached new record highs, it may begin stalling in its attempt to continue moving parabolically, while the undervalued miners play catch-up. What may this hesitation signal and shrinking of the divergence between miners and bullion mean to you?

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