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What we have here is near capitulation in the miners. The HUI is at 240. This should be close to a turning point. The bullish percentage index is in the 20's which almost always indicates a turning point. The only other area that I don't have a good grip on is where the sell stops are... So those are either close to being run or will be run soon. So maybe a bit more pain prior to a bullish setup. These swings are what is needed to clear out all of the hands. These become bull markets as anyone that would have sold has sold and only new buyers remain. So don't panic out. better days are coming.
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