While last trade is still active and I probably have missed a good chance to get out.
Given now, I moved my stop to slightly below today's low so far @88.75. If it break down here, more likely further downside ahead. Otherwise, look for $96 area to close.
The is just one study that shows the current GDX down trend is approaching an end.
The reason I choose TMV is simply because it is leveraged, a closer comparable to that miners are leveraged position of gold price. I understand there are reasons people don't like using the leverage ETFs, but this is only for ...