That's 33% down, in other terms 11% down for GDX, which is about December lows. It can happen, but we should get at least a small bounce from here. I bought some miners today and much more silver which, fortunately, closed above $16.5.
Technicals are good, but the anticipation of a rate hike usually pushes USD higher. Not to mention that Macron winning French elections will probably pull gold even further down on Monday. Tough call.
If gold goes lower below $1240 and silver below $16.5 I'm selling all of it and waiting for better times.
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