Don't look now, but NAK is testing its highs - doing better than most PMs.

Gold was impressive today - the $20 overnight drop was recaptured in no time at all.

Bullish percent for the gold miners is still extremely low: 22.58%. I like to look at this as extremely oversold at the start of a rally.

Market internals confirmed a buy signal yesterday for the overall market.

AAII sentiment: 35.8% bulls, 35.2% bears - a neutral to slightly positive reading.

Perhaps a little more consolidation, then we should be OK for a few weeks. The fly in the ointment is the Venture exchange, which appears to be running out of gas. I consider the little guys the leaders. When the speculative money goes away, the rest often follows. I suspect when this rally ends, it will be a long, grinding summer. PM bubble starts in the fall [I hope].