Are we there yet? That is a phrase that has been satirized in Shrek II. Just hilarious. Of course, the phrase loses its humorous side when your children keep asking it during a long day of driving. We are asking it in connection to the precious metal bear market.
Let's look at the graphs. The first graph (Gold), shows areverse head and shoulder, with the deepest part of the head 24 days after the neck. That suggests a total length for the bear of 48 days. The second graph down is the Gold miner index (GDX). It also shows a similar pattern, where the end is shown maybe a couple of days earlier. The third graph down is AXU (Alexco, a Canadian silver miner). Ditto for pattern, but an even shorter duration. I actually drew the head and shoulder pattern for THM and again, the same pattern emerges.
All these suggest that the end of the bear will come in the first part of March. The last graph is a take over pattern for NAK. The Palin tribe will be happy no doubt.
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