GDX - complete sector destruction

With Gold and Silver prices slipping across September, the mining stocks were again destroyed. The miner ETF of GDX saw a net monthly decline of an extreme -20.1% @ $21.33. The mid teens look likely, when Gold eventually trades to $1000/900s.


GDX, daily

GDX, monthly

Summary

Little to add from the endless posts of recent weeks..months.. even years.
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GDX looks set to continue falling along with the metals... at the current rate... a key multi-year floor looks likely in late 2015/early 2016.

*On any basis, I have zero interest in picking up physical metals, or going long GLD/SLV, or ANY of the mining stocks.