Almost perfect head n' shoulders pattern near completion on monthly chart of GDX:
http://img21.imageshack.us/img21/8105/gdxmonthly.png
Assuming pattern completes, target will be around $17 per share...around the lows from the crash of 2008...
"Definition" of a head n' shoulders:
http://stockcharts.com/school/data/m...cflat-cnet.png