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Patterns/Price action remains much more favorable for Gold & Silver, than the metal stock ETF’s GDX & GDXJ.  A breakout in the metals stocks would be a positive, yet is just has not happened at this time!

Game Plan…Owner of SLV.  Would be a buyer of the metals stocks on a breakout should it happen!

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6 month performance graph above reflects that Silver continues to win the relative performance game!

How The Recent Decline In Stocks Looks "Eerily" Like Major Bear Markets Of The Past