Gold Stks are oversold unlike anytime in history relative to Gold according to those that track these stats. So a dramatic rebound has been expected for some time now. Here is the major Gold stk ETF:GDX. While price has bounced back the last few days it is clearly still finding resistance at the 20ema and downtrendline. And that is short term resistance. Price must clear and hold above this resistance level to expect any sigficant rebound ahead. Also note the Junior Gold stk ETF:GDXJ is underperforming the Major Gold stk ETF:GDX as well which indicates no speculative activity in the Juniors which tends to lead a Gold rally. And most notably Silver continues to underperform Gold other than a very mild bounce the last couple of days which is also needed to be a leader if precious metals are about to rally strongly. And the GDX ETF /Gold ratio chart is also not impressive so far. Perhaps it's all just a tad early. All I know for sure is resistance is resistance and the typical leaders of a precious metals rally are not showing up ...........................yet. Seasonal trends historically see a low in precious metals in the summer months.