The small cup & handle which broke out a month ago has morphed into a larger version which is breaking out today. First target is still the highs of last August (30-31 for GDX, 51-55 for GDXJ). Probably gets there by May. Fair bit of resistance at that point (peaks of last April, June & August). The PMs will either break out and run for the rest of the year, or break down and continue the long downtrend. Not sure which way it goes, so I'll be selling at that point until there is a clear indication of a breakout. Meantime, I'm staying in.