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2 Charts Equity & Gold Investors Should Be Watching

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2 Charts Equity & Gold Investors Should Be Watching

This article represents the opinions of Serge Berger, the author of The Steady Trader.

The iShares Russell 2000 Index (ETF) (NYSE: IWM) has now had two bearish reversal days in the past three trading days, ending last week at the lows (chart below).

Gold and gold miners rallied nicely to close the week, after the Market Vectors Gold Miners ETF (NYSE: GDX) held the $21 area on Thursday.

A bull flag pattern is now developing in the GDX (also seen below).

Image credit: Jeremy Schultz, Flickr

The preceding article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

Tags: Market Vectors Gold Miners ETF Russell 2000

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