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2 Gold Miners With Long-Term Potential

From ino.com

While the major market averages have taken a beating over the last week, gold (GLD) has been one of the few asset classes to stage a sharp rally, with the metal up 2.5% for the week and over 5% since Thursday’s close. The outperformance can be partially attributed to the belief that the Federal Reserve may have to rethink its rate-hike plans because of the fragility of the Financial Sector (XLF) with two banks already failing and several other regional banks down over 50% from their highs in a one-week span. The sharp move higher in gold has fueled a major rally in the Gold Miners Index (GDX) which has soared 11% off ... (full story)

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  • Category: Fundamental Analysis