From High Chart Patterns:
Gold ($GLD), silver ($SLV), and our favorite junior miner ETF ($GDXJ) all are attempting to find footing (bouncing intraday before the market) today as they hit major levels of support.
If these levels crater, it would be a major blow for reversion-to-mean strategies that have worked well so far this year.
Major weekly level on GDXJ...
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