SPQ chart, page-251

I think its clear where copper and nickel are headed. So I thought I would pop up the GDX index graph of gold miners. Thinking its a more accurate state of play than the spot price given Basel 3 at the moment changing the rules for international settlement to include gold on a 1:1 ratio which effectively kills the old COMEX way of doing business.

The GDX is on a impulse 3rd leg of the Elliot Wave. A more precise partly completed Gartley pattern is also indicating a rise. These patterns also support a clip magnabarron posted on another company which I have also included below. All very interesting.