Trying to figure out what happens next. The GDX chart is one that I really like – beautiful bullish pennant and cup, each with their own targets. When the cup target was breached it reacted by gapping up. I think it would be healthy to fill that gap, and, in fact a move below that would be good. $38 looks a likely target to me. Having done that, a blast up to $54 would take us to the pennant target. Job done. After that ? Probably a multi-month consolidation/pullback process, setting us up for the next big move which will take us to the peak ahead of the major drop into the 8 year cycle low.