Bruce Jefferson
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Bruce Jefferson in Commodities,

Is the next big move up?

Since Sept. 15  the Market Vectors Gold Miners ETF GDX has climbed to 15.64 from 14.27 (+9.6%). 

Traders anticipating the rally in the miners have done very well in plays like Direxion Daily Gold Miners Index Bull 3X Shares NUGT and Freeport-McMoRan Inc. FCX.

According to Mike Paulenoff, the miners, as well as the oil and gold commodities, have established significant lows, and are bottoming ahead of a meaningful recovery period. So is the next big move up?