BATS:GDX VANECK VECTORS GOLD MINERS ETF
Oversold is an understatement, and as I dont like catching knives this setup is due for at least short covering and comes when a nice AB = CD pattern is forming as well as a Fib level on high vol . Coincidentally, Goldcorp ($GG) is sitting on a 1.27 Fib as well.
I just don't know. This area is hated so much right now it certainly could, but I think LT we get to much higher levels. As i am sure you know it all depends on your timeframe, and risk level. In the meantime I'm willing to dip my toe in here and certainly would even further at the 2008 level.