Having been in and out of gold the last six years, I have been burned by gold shares trading with the broader market and lost some and then made a bunch by buying more at 19 in November at the low. I just got stopped out recently at the low off the second hump at 42.5. Great short covering rally today. In my opinion the GDX has not broken enough from falling with the market to make it worth the risk. If it avoids what looks like it could be a head and shoulders top, and instead breaks with the other SM's, I may have to get back in. I will wait till mid-November to assess.