that's the key here as GDXJ has just taken out the March low at 32.66. The huge Q is whether we are now close to ending a large ABC decline from a 5-wave rally from Dec. to Feb? or if we are heading down to that Dec low. I lean to the idea we are ending a correction but will wait for evidence. I also think the GDX/HUI/XAU won't take out their early March lows and will soon bottom. KLDX's .618 retracement is at 3.39 which "so far" is today's low. I am about 18% long and watching closely for signs of a possible bottom here
BSing away
Senor