Ned Schmidt is back… The stock market hit its high in January of this year and doesn’t seem able to budge. Millennials are near fully invested in this market and that can’t be a good thing. At the same time gold is languishing, however the stocks are still performing well since February, with higher lows being made. Despite gold’s current performance the GDX-J is still above its 200 day moving average. The GDX has performed similarly, but it’s just below its 200 day moving average.
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