GDXJ Reminiscent of January 2016
The GDXJ is showing bullish divergence on the weekly RSI reminiscent of January 2016. Then as now, we were at the start of a rising rate environment. The FED first raised rated in December 2015 and again in December 2016. We are due for a first rate hike in March this year. Will a similar move in gold & the miners follow?
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