Patience is the key to a golden future for both investors and miners. Thomas Drolet of Drolet & Associates Energy Services Inc. is an energy expert who is also an avid gold investor.

Gold cannot be kept down forever, however, and once the bottom is in, those miners that have survived will be in an enviable position, able to buy lucrative assets at bargain prices.

If past is prologue, is gold on a path towards an inevitable rise? If the economy collapses, gold will rally. If somehow the economies recover and printed currencies pick up velocity, gold will increase as history shows.

The average large cap score is 69.53, above the four week moving average score of 62.40. The average large cap stock is trading -10.26% below its 52 week high, 2.58% above its 200 dma, has 3.91 days to cover held short, and is expected to see EPS growth of 11.43% next year.

Goldcorp Inc.’s third-quarter 2014 adjusted earnings (excluding one-time items) decreased 63.2% to $70 million or 9 cents per share from $190 million or 23 cents a share earned in the year-ago quarter.

Last week the gold market was ambushed twice in close succession – first by the Fed’s “everything is fine” statement (no-one can have been surprised by the well-telegraphed temporary end of “QE”) and then by the BoJ’s surprise assault on the yen.