Precious Metals Section - Trend of Gold Miner Stocks |
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Past performance does not guarantee future results!
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| The trend is your friend! Following the trend is a proven way to beat the market and make money. There are many ways to identify a stock market trend and a good method are simple moving averages. We use 20-day moving averages of the daily highs and lows and a 5-day moving average of the closing price. An uptrend is in force as long as the daily closing price trades above the 20-day moving average of highs, and the 5-day moving average of the daily closing price trades above the 20-day moving average of highs. The reverse is true in a downtrend. We use the Market Vectors Gold Miners ETF (GDX) as the basis for our trend analysis of gold mining stocks.. | |||
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Past performance does not guarantee future results!
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