Up until an hour or so ago it looked like the PM mining indexes were going to follow everything lower today. Even as bearish as I have been on the miners I’m still always on the lookout for a reversal pattern. This possible inverse H&S bottom on the GDX is indicative of the other PM mining indexes. Keep in mind this is just a 30 minute chart but if the inverse H&S bottom plays out it will have a price objective up to 48 or so. I’m going to sell half of my DUST position right here at the market. I will wait and see if we break the neckline to the upside to exit the other half.