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Gold stocks are on the verge of major technical breakouts. The HUI is finally clawing over its 50dma after challenging it for weeks, with its 200dma now in its sights.
Both breakouts should unleash big buying by technically-oriented funds. That coupled with abnormally-bearish sentiment as evidenced by very-low capital volume is exceptionally bullish for gold stocks over the coming months.
Mix in spring’s seasonal tailwinds and gold miners’ continuing strong operating fundamentals, and we have real potential for one heck of a bull-market up leg
