Klaus,
I see some bottoming in GDX too.
However, after watching this "scary" video, I decide to wait to enter a bullish position.
http://cts.vresp.com/c/?GannGlobalFinancial/eb9199c90f/2055eeef8a/2554582efe
I rather wait for the confirmation of bullish signals before getting in.
If gold and silver cannot support 1360 and 28 respectively, I think it is in for a nasty fall!