The Gold Miners ETF (GDX) got a nice bounce the last seven days with a break above the late August trend line. Even though the big trend remains down, the short-term trend is now up with this small breakout. Longer-term, a potential double bottom is taking shape with the August highs marking key resistance. The indicator window shows the Gold Miners Bullish Percent Index ($BPGDM) holding above its prior low and forming a bullish divergence.
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