I think we are overdue, oversold on the GDX and GLD is gaining strength, and with a dollar weaker especially if the FED does not raise rates (and again they are idiots of they do - and they are not idiots), MACD golden cross happened back in April. Do the dynamics that delayed this move have faded, and with the fear factor increasing world wide, I see this making a huge move soon. For those who do not mind more risk try the NUGT. Again, like oil, I just do not see how it can go much lower - even if it moves a little lower from here, the downside risk is minimal, always just in my opinion.