Interesting development in GDX

Since the 10%+ quick rally we had in GDX, we have now experienced a high level consolidation. During this time the Technometer has went from extreme overbought to now oversold as shown by the green arrow.  We like this action.
Therefore, we are recommending to add to longs. We are adding on one half of our current position at the market.
Current Price: $22.12        On this addition we would use a sell stop at $21.35

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