This Is how it always is during corrections in a bull market. Traders get lost in the short term gyrations and forget to look at the big picture.
Everyone is panicking like something significant is happening. There is nothing broken about the HUI chart, below. Price is holding well above the rising 200DMA and the bear market trend line is clearly broken. Price is making higher intermediate highs. This is a bull market.
In bull markets corrections end and price goes on to make higher highs and more higher highs, and then even more higher highs. Within 12-18 months, I predict the HUI will be testing the all-time highs. I believe this will most certainly be the greatest bull market of our lifetime.