VanEck Gold Miners ETF
Investment Thesis
GDX has shed -14% in just 8 trading sessions, crashing into its 200-day MA ($84.47) at current price $83.78. The golden cross remains structurally intact — if price reclaims the 200-day MA, a mean-reversion bounce toward the 50-day MA ($92.31) becomes the higher-probability scenario.
Catalysts to Watch
GDX closed below its 200-day MA ($84.47) for the first time since the bull run began, printing $83.78 on May 19 — a -27.7% decline from the 52-week high of $115.84, with SMA50 ($92.31) still well above SMA200, keeping the golden cross technically intact.
Why It May Work
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Timeline
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