Running Alpha’s Sentiment Maps are indicating Gold Miners ETF GDX is at a critical juncture — a confirmed breakdown below $15.60 for a full trading day would likely unleash a sudden tail-risk event — yielding panic selling and a market capitulation into September period. Then after October, and especially by end of Q1 2016, investors should look for opportunities for deep value. Until then, value investing in Gold Miners should be extra vigilant and patient to avoid large and unnecessary losses.