If you look at the chaarts of gold, silver and many of the miners and related ETF’s, two things stand out. They all collectively as a group have been basically going sideways for three months since their big July selloff. In the case of the metals, they are below both their 50 day and 200 day moving averages. The same holds true for most of the miners with a few exceptions trading above the 50 day but still below the 200 day. Now for the good news. Almost ALL the charts have carved out inverse H&S patterns with many of them completing those patterns today and the rest by the end of this week. So where we have been seeing rallies give up big chunks of their gains on most days recently, I believe that now that these patterns are completing, we will start to see stronger rallies that hold onto more of their gains going forward. Breakouts should be coming over the next two weeks.