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Pascal
08-07-2013, 10:36 AM
The positive divergence in GDX and the negative divergence shown by the 20DMF is maybe a sign that traders are closing their short gold miners against the long general equities positions.

We are now at about 20% of a short signal. That percentage will decrease as we approach to the end of the day, except if we experience a big sell-off.


Pascal

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