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February 25, 2010

Miners Lead the Way

Thursday's session brought the first encouraging market action of the week. With the S&P down 1.5% at mid-day and precious metals lingering in the red zone, mining shares were shining. GDX and the XAU were both sporting 1.5% gains. Such relative strength in mining shares almost always leads precious metals higher within a day or two. In this case, we only had to wait ...

 

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