The AMEX Gold Bug index closed the week at 324.99, above the key level of 320 where support was broken on August 15.

The AMEX Gold Bug Index closed down over 11% for the week, breaking below the bottom of it's range.

The next level of support is at the 200 day moving average at 264.40

After failing to complete the breakout above 370, the AMEX Gold Bug index has retraced from the recent highs and is now testing support at the 200 day moving average of 336.

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