The miners showed a positive divergence today.
If gold is going to set up an inverse H&S bottom it must hold support at 1570 although 1580 is preferable. Otherwise we will be looking for a double bottom.
Intraday commentary here.
"The truly hysterical part of this cycle is still approaching, and it may get quite a bit worse when it does. Paranoia is almost a given when the exceptional fail spectacularly. There may be blood, if history is any indication, and a great deal of propaganda and distorted information spread by the money masters, without doubt. Those who have gone before us have stood on similar ground, over and over again. And now it is our turn."
Jesse, Keep the Faith, 7 July 2017