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September 13, 2012 / Jeb

Bullish Breakout In The Gold and Silver Mining Stocks As Bernanke Unleashes QE3

The precious metal charts are forming bullish formations as their 50 day moving averages are moving to penetrate the 200 day moving average to the upside.  Let us look at the gold miners (GDX).  At $52 (GDX) has broken out and formed a strong bottom, our near term target is $60.  The (GDXJ) is also breaking out at $24 and breaking through resistance.  Our next target on the GDXJ is $30.  (SLV) has made an important breakout and our next near term target is $38.  The silver miners (SIL) which have been the best performer since our silver breakout alert made an important breakout at $23 and we should see a move off the double bottom in July upward to $30.

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

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