Best Financial Markets Analysis Article Truth be told, I am not the only one who sees the huge base pattern and the upside potential off of the Market Vector Gold Miners ETF (AMEX: GDX) base. So what will differentiate who gets the benefit of the forthcoming upmove that realizes the potential of the pattern?

Three things: 1) longs that can hang in there amidst volatility and false starts between 38.20 and 35.00; 2) longs that will hang in there even if the overall equity market has another bout of downside corrective weakness; 3) longs that hang in there even if gold prices lag (or even decline). Am I one of those people that can hang in there? Right now, I hope so because the "reward" could be an enormous upmove in the gold miners from a 9-month base pattern.

By Mike Paulenoff

Mike Paulenoff is author of the MPTrader.com (www.mptrader.com) , a real-time diary of Mike Paulenoff's trading ideas and technical chart analysis of Exchange Traded Funds (ETFs) that track equity indices, metals, energy commodities, currencies, Treasuries, and other markets. It is for traders with a 3-30 day time horizon, who use the service for guidance on both specific trades as well as general market direction

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