GDXJ looking like it is setting up for the long

The sector has been so beat up and cost have been cut across the board. It looks like the metals are picking up some bids and $GC_F is not willing to settle below $1300 anymore and producers not being economical under $1200. A lot of the names in the GDX and GDXJ also has $SI_F SLV and $HG_F credits as well as other base metals that have been doing very well - see zinc on moly prices.