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GDX(VanEck Vectors Gold Miners ETF) extends gain off Wednesday’s low to 7%.  This week’s low tested a major support zone.  The 40 week moving average as well as the September lows mark this area.  Is a major double bottom in place?  

Both daily and weekly MACD indicators are tracing out a divergent low.  

Top 5 holdings: $NEM, $ABX.TO, $FNV.TO, $WPM.TO, $NCM.AX