Current Update

The Market Vectors Gold Miners (symbol: GDX) closed at $23.79 down 1.33% on 39% lower volume. The levels of support decreased while resistance increased within the three month timeframe. Support is $23.51 and resistance is $24.46. GDX remains below the 50 and 200 day moving averages. I have an outperform rating on the gold miners.

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