VanEck Gold Miners ETF
Investment Thesis
GDX staged a dramatic V-shaped recovery after an 18% flush to $73.63 (June 10 low), reclaiming the 200-day MA ($86.88) as support in just 4 sessions. The MACD histogram has turned positive and the key test is now recapturing the 50-day SMA at $89.78 to confirm trend resumption.
Catalysts to Watch
GDX plunged ~18% over 5 sessions (June 5–10, low $73.63), then reversed sharply with a +18.5% recovery in 4 sessions, reclaiming the 200-day moving average ($86.88) as support. MACD crossed above its signal line on the recovery.
Why It May Work
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Why It May Not Work
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]
Timeline
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