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Precious metal miners (GDX, GDXJ, SIL) have rallied hard off their mid-March bottom, and this rally has most certainly tested the resolve of the professed bears, yours truly among them.
Consider the above as well as the following chart, and ponder the exuberance that has taken hold since the March bottom with regards to the gold miners. The gold price as of Easter Sunday (the time of writing) is almost exactly the same as it was on March 8, just over a month ago.