VanEck Gold Miners ETF
Investment Thesis
GDX is in a confirmed downtrend (death cross, -16% below 200-day MA) but has reached extreme oversold readings across every short-term indicator — RSI at 23.5, Stochastic at 9.1, and the miners-vs-gold ratio RSI at a historic 19. This is a tactical contrarian bounce setup, not a trend reversal call. The risk/reward improves significantly if GDX holds above the $71.89 intraday low.
Why It May Work
Why It May Not Work
Timeline
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