Usually, a bullish Harami happens at the bottom of the trend to signify a bullish reversal.  In this case, a breakout of the Friday inside bar to the upside that takes out the previous high two trading days ago reflects a bullish continuation pattern.  Since it has taken out the inside bar from Friday, I will call the candlestick pattern “the bullish Harami continuation pattern”.   Don’t bother to google it; there is no such thing.  I just make it up.  Whatever works for me, eh? (grin).

Take a look at the daily chart below.  I believe gold minings and gold is heading up.

I like to see price action takes out the recent pivot high at $13.54 established in May 9th.

Yes, I bought back $NUGT and $ABX this morning.

My 2 cents.

Seeing that $NUGT has such a strong morning open and a follow-thru after the gap, I bought a starter position on $ABX to replace some of the $NUGT I sold this morning to lock in profit.

I like $ABX because of the potential breakout on the chart:

If price action can take out the early May high of $21.70, I will add more.  Did you see the higher low formed on May 17th?

The Fly has mentioned the seasonal down-turn of gold minings stock in June which is something not to be taken lightly; however, I feel that the severe downtrend since October of last year has thrown this seasonal pattern out of whack.  Nevertheless, I will be mindful of any sudden drop in price.

My 2 cents.