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Is the Decline Ending or Starting?

December 6, 2017, 8:39 AM Przemysław Radomski , CFA

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In yesterday’s second brief alert we wrote that we may need to adjust the profit-take levels for our short positions. If the current decline is ending, as miners close to their target might suggest, then the target for gold should be moved higher. However, if the decline is just starting as gold’s breakdown seems to be indicating, then the profit-take levels for silver and mining stocks should be adjusted downward. Which scenario seems more likely?

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