NEW YORK (TheStreet) -- We have touched on gold before in Kamich's Korner, but a follow-up is warranted at this time. Gold is up nicely today and the charts show improvement.

The news that has moved gold in the past -- inflation fears, international tensions and turmoil, etc. -- doesn't seem to be the driver for the precious metal at this time. The gold market is kind of outside the normal credit system in that the Federal Reserve doesn't use gold to accomplish its goals. Nevertheless, everyone still watches the price of gold, much like everyone watches the price of oil.

In this chart, of the December 2015 gold future, above, I have highlighted a double bottom pattern with the second bottom higher than the first. Double bottoms are reversal patterns -- reversing from down to up as prices fail to go lower after two attempts to break down. Double bottoms also give us a natural place to stop out long positions. If these lows are broken, then our hypothesis about the direction of prices is wrong. Take the loss and move on to the next opportunity.

Gold can move independently higher, but traders like to see silver or what some call the "poor man's gold" also move higher. In this chart above, we can see that the December 2015 silver future has rallied from a multimonth down trend line. There is no guarantee, but it looks like silver will break its downtrend.

Another "tell" that gold bugs like to see is money coming into the junior, more speculative names. It is easy to buy the bigger names in the mining industry, but it takes some more convincing when the miners are not household names. Notice the double bottom pattern now on the Market Vectors Junior Gold Miners ETF (GDXJ) - Get Report, below.

Note how the volume has increased as the GDXJ has bottomed, increasing on the upswings. This current move up in gold could extend well into the fall and will convince skeptics as it moves up.