Minor uptrends in miners

Looks like gold is going to get hit again today, which means miners probably will, too. Already, fewer than 3% of them are holding above their 50-day moving averages.

Look at those forward returns, though, when fewer than 3% of them are above their 50-day while GDM (base index for GDX) is below a rising 200-day moving average, reflecting a drop within a general long-term uptrend.