GLD doesn't seem to be winding up so far. Last week this looked good for a bounce but the longer it stays at this level, the more likely we will see another leg down because the potential tension is lost. Technically, RSI is triggering a buy but the slope is a bit shallow leaving room for it is become oversold again. I will be watching this one for a bounce but not ready to re-enter yet. Miners continue to get hammered and the carnage will continue until a bounce appears in precious metals.