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Last week after the Federal Reserve meeting, there was much talk about gold breaking out important technical levels. In the last few days, the precious metal has continued surging above the $1,400/oz level. This is the highest since 2014, so the recent move seems something to watch closely. Who knows whether, as the legendary macro trader Paul Tudor Jones said recently, after breaking out $1,400 gold will quickly go to $1,700.
The Gold Miners ETF, [[GDX]], is up more than 20% in a month, but it’s still below the 2016 highs: