VanEck Gold Miners ETF
Investment Thesis
GDX crashed 30%+ in 13 sessions, pushing RSI to 29 and testing the 200-day SMA — a deeply oversold mean-reversion setup within an intact long-term uptrend, with risk/reward of ~1.5:1 back toward the 50-day SMA at $100.
Catalysts to Watch
GDX fell from $115.34 (March 2) to a low of $78.74 (March 20) — a 30%+ crash in 13 sessions — before stabilizing above the 200-day SMA; RSI collapsed to 29, market breadth RSI hit 27, and index put/call ratio spiked to 1.21, all signaling seller exhaustion.
Why It May Work
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Timeline
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