The vast majority of gold miner charts share a familiar chart pattern that has been forming during the last year, the head & shoulders bottom:
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GDX Weekly
GDX_Weekly_7.29.2014
This pattern is now at a crucial inflection point which could be resolved within the next week. In addition to the bullish seasonal period we are entering for the sector, the gold miners continue to exhibit impressive resilience relative to gold which only makes this pattern all the more compelling.