The gold mining sector as represented by the GDX is experiencing follow-through selling after breaking key support yesterday:
GDX (Daily)
A failed breakout above resistance ($23.00) at the end of November has resulted in a fairly sharp downside move in the last week. The fact that GDX is not close to being oversold means that a larger downside move, perhaps to test the July lows near $21, may be in order.
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