The gold miners continued to be sold, with the Gold Miner ETF (NYSEARCA:GDX) down 18% in the last few weeks. The buy level can be found by simply connecting the two previous major pivot lows. Draw a trend line and extend it. The buy level will be when the current price of GDX hits the line. The level is approximately $20.25. This can be seen clearly in the stock chart below. Expect a 10% bounce off this level within days.