GDX just giving way...

Tracking gold, one can buy GDX, the Gold Miners ETF, and the associated specific funds.
Having tracked Gold closely for the past three years, the white arrow marks a rough but a real exit point.

Today the perfect storm is set... and pre-opening shows a gap down type of breakdown.

Previously explained why and how GDX would not be doing well and when it should be doing well. IMHO, This is probably a deep retracement.
Fun times to come!

Here it goes part II.