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February 17, 2011 / Jeb

Gold, Silver and Miners Break 50 Day Moving Average

Is that telling us the correction may be over? A break above the 50-day moving average will bring back the previous gold run. Often times in a secular uptrend news items are planted, causing short-term shakeouts, which often in retrospect are great buying opportunities. I have learned over time it is important to look at a long-term weekly chart and review the trend. If the trend is a normal healthy linear trend then most times a correction becomes a major buying opportunity.

Read the full article and see the video by clicking here.

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