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Mining stocks have had a rough year to say the least as Gold mining ETF (GDX) is down 48% YTD.
The Power of the Pattern did find a good looking pattern in a mining stocks 10 days ago, as Metals and Premium Members bought FCX on a breakout from this pennant pattern and above resistance.
Will GDX now follow FCX higher? As I shared with metals and premium members yesterday, I like this area if certain resistance lines are taken out, similar to the FCX breakout.