The precious metals market is probably bottoming. Generally, the best entry points are when this catastrophic correlation between gold and the precious metals stock market (represented by GDX, for instance) stops working*. 

* - I mean a pattern where gold goes, say, 1% down with GDX dropping 3%. And then again and again and again...

Look at these two charts below:

(Click on image to enlarge)

source: stooq.pl

It looks like the market is sending a positive signal for gold bulls (at last). Since May 4 gold prices have been going down but GDX has chosen the opposite direction (look at two red arrows). In the past such divergencies were very promising...