I do have to acknowledge these (very) bearish looking patterns on the gold chart. If GDX closes above $33 on Thursday, the miners will lead gold back to the old highs (in my view). Some caution is prudent in the $1800 region, but, on balance, I expect the power of this bull trend to win the day and ‘carve out’ the pattern I’ve been long favouring (cup completion and possible handle formation). I’ll be watching this very closely in the coming week. We’re likely to have all the answers we need by Thursday/Friday.