Market Vectors Gold Miners ETF ( GDX ) picked up 1% to 52.33. Gold prices found support at their key 50-day moving average line as the stock market weakened more Monday afterCaterpillar ( CAT ) cut its 2012 outlook for the second time this year. "The gold bulls have voted and they expect that the U.S. government will not be able to dig itself out of the current hole, relying instead on inflation and devaluation as a poor-man's solution while growth remains soft for the foreseeable future," Waverly Advisors wrote in a client note Monday.