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<\/p>\nThe gold sector is gearing up for a big move.<\/p>\n
Gold stocks haven’t done much over the past two months. The VanEck Vectors Gold Miners ETF (GDX) is trading today at just about the same level it traded for back in early October.<\/p>\n
Some folks might consider that to be a good thing. After all, the S&P 500 has lost about 4% over the same time frame.<\/p>\n
But gold stocks are often seen as a hedge against a broad stock market decline. So, the failure of the gold sector to rally as the S&P 500 has fallen is a bit disappointing.<\/p>\n
However, the gold sector still looks bullish to me. In fact, it looks like GDX could kick off a big move any day now.<\/p>\n
Take a look at this chart…<\/p>\n
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GDX is trading above all of its various moving average lines – the 9-day exponential moving average (EMA)<\/a>, 20-day EMA, and 50-day moving average (MA)<\/a>. That’s generally a bullish setup for the intermediate term. More important, though, is that all of the moving averages have coiled together.<\/p>\n Energy is building for a larger move.<\/p>\n And, since we’re heading into a seasonally strong period for the gold sector (gold stocks often rally in December and January), the odds favor that larger move playing out to the upside.<\/p>\n There’s no guarantee, of course, that we’ll get an upside move. And we could certainly get some selling pressure in the gold stocks as we approach the December FOMC meeting later this month.<\/p>\n For the most part, though, this setup looks bullish.<\/p>\n Aggressive traders should be buying gold stocks here. I like the potential for a rally in this sector starting soon.<\/p>\n Best regards and good trading,<\/p>\n Jeff Clark<\/p>\n Editor’s Note:<\/strong> Jeff’s Mastermind Kickoff happens tomorrow, and it will be the first time Jeff has pulled back the curtain on his trading strategy.<\/p>\n Jeff is set to share a live trade, his personal track record over the past several years, and many other secrets he’s never shared… until now. He uses this technique to make 400-500 trades a year with his own money.<\/p>\n Just click here<\/a> and your name with be added to the list of the folks who will attend this free event<\/strong>, happening tomorrow, December 6, at 8 p.m. ET.<\/p>\n![](\"https:\/\/casey-assets.s3.amazonaws.com\/images\/misc\/jeff-clark-signature.png\")
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