Gold Miners ETF (GDX)

[123tom]

Well, this week, finally, the 23 target zone was hit.

Where will the miners go now?
lots of miners, both silver and gold Collapsed down again from the last top. many are slammed pretty close to last years bottom zone already.

Miners look as weak as they have for the last 3 years. They could make a small bounce now and then start another big downwave to retest the 2013 bottoms very easily.

I see no bullish wave structure developing. just a big sell off. IF there is going to be any show of strength for miners to stop the down trend collapse,thats been ongoing for 3 years....now is the time the 'pullback' needs to stop.

otherwise, the 2013 bottoms are in play