Nothing Like an Equities' Selloff to Send Gold Bugs Into a Frenzy

With GDX (senior gold miner ETF) breaking back over the key $23 level today as equities are selling off considerably, we now want to see if miners can clear their 50-day moving average (dark blue line, below on the daily chart) convincingly in order to set in motion a more sustainable rally. 

Also note that Silver Wheaton (SLW), a larger silver miner, has earnings tonight. 

Overall, this is promising action for the precious miners, especially consider the non-precious carnage like CLF. Let's see if gold bugs can keep it up.