Gutsy call. At the bottom of the 2nd bottom it looked like a head and shoulders top that could dump you way down into the teens on GDX. Now that's broken 25, it looks like it has rejected the head and shoulders and is turning into a double bottom. If GDX clears 30 we're off to the races.
GDM Bullish % @ HUI #211 (retest) was @ 24% vs -0-% in Jun (#206), May (#244) & April (#256)
L/T Miners remain ugly, since the downtrend in Bullish % starting in 2010 @ 92% remains in effect,but they're no longer the ugliest partner on the danse floor
only a move above #280-300 resistance holds the answer imho