VanEck Gold Miners ETF
Investment Thesis
GDX has pulled back ~18% from its 52-week high ($115.84) into the $92–94 support zone while its primary uptrend — golden cross, price 16% above the 200d SMA, +91% 1-year return — remains structurally intact. The GDX/SPY ratio RSI has collapsed to 33.6, approaching oversold territory, signaling a potential relative-strength mean reversion toward the $100–103 zone.
Why It May Work
Why It May Not Work
Timeline
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