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Markets Overall Sectors In Particular

Got Gold? I Hope Not

Using data from tonight’s ETF Expectation report, I created the above chart, which shows the expected strength moves for four gold-related ETFs. Of the four, only one, $GLL, has an up-trend. $GLL is an inverse ETF. So the models expect gold to continue the downward track it has been exhibiting all year.

The models are bearish on all Precious Metal ETFs, sans the inverse ones.

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