I think this second daily cycle in gold and the miners is going to tell us whether we are setting up for a 12 month consolidation that began in August (where we would only marginally break above the August high, if that), or whether we are headed for a significantly higher high.

If we can get back to the August highs in very short order (e.g. within the next 5 trading days), I think the latter scenario is the one with the higher probability of happening.  In that scenario, we may likely only have this daily current cycle and then one more before the intermediate cycle tops–basically around 2 months for a rocket ride up before it all rolls over and we get our major correction/consolidation, which I expect could last 1-1.5 years.