It looks like the precious metals miners have a good shot at success. Look at what has happened to the triple-bearish fund DUST. It had been shaping up to be a potential bullish breakout, but a few days ago, it cut below its ascending trendline. On top of that, it’s got a bearish engulfing pattern today. In other words, the bearishness of this pattern suggests good times ahead for miners.
A more direct view into this is the gold bugs index HUI, which is shaping up and breaking out nicely.
