VanEck Gold Miners ETF
Investment Thesis
GDX completed a powerful V-shaped recovery from the March 2026 lows (~$80) back to the $99–100 psychological level, with miners decisively outperforming gold (GDX/GLD ratio above both SMAs, RSI at 90+) — a classic bull-market confirmation signal for the gold mining sector.
Catalysts to Watch
GDX rallied ~+24% from its March 20 low of $80.12 back to $99.39 within three weeks, reclaimed both the 50-day SMA ($98.31) and the 200-day SMA ($79.01), confirmed a Golden Cross, and is now pressing against the round-number $100 resistance level.
Why It May Work
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Timeline
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