yep, this is likely rolling right back over and falling down under $30.
The whole market is now constantly talking about when the "correction" will come so nobody is putting on more risk at these levels, and the gold miners are the riskiest POS turds in the market. The long term trend is horrific and still after months it does not look like there has finally been any kind of wash out yet. I think the wash out dumping could happen at $30 or just under along with a market sell off. Then and only then would I even consider a POS like GDX.
Sell now while you have the chance, gold is not looking good technically either, the US dollar will continue upward while Japan and other countries debase their currencies so gold/silver will continue to get hit, for now. I think over the years though (long term) you want to be in gold/silver but why not wait and get in lower. Nuff said