Well, was it? Miners showed strength by moving slightly higher while gold moved lower, so… So, nothing really changed because one swallow doesn’t make a summer and gold didn’t reach its strong support levels just yet. And neither did miners. {charts} The move up in the miners (lower part of the above chart) was tiny, so it’s not that the strength of this signal was profound. It was simply notable. Besides, here’s what miners did on a daily basis. {chart} They paused. Is this necessarily a sign of a bottom? No. It could be, but it could be just a regular follow-up to a sharp daily decline. I marked yesterday’s pause ... (full story)