The Market Vectors Gold Miners ratio (ARCA:GDXJ)/(ARCA:GDX) may have created a bullish inverse head-&-shoulders pattern over the past year.
Of late the ratio could be forming a bullish falling wedge. Two thirds of the time this type of pattern leads to higher prices.
If the ratio breaks out, it would be a good sign for senior and junior miners. Keep a close eye on this index in the next few weeks because where this pattern heads from here should be important for big and small miners.