VanEck Gold Miners ETF
Investment Thesis
GDX confirmed a Death Cross and is trading 10% below its 200-day MA after a sharp 15% rejection from the $90 area highs. A bounce into the $83–87 resistance cluster (50-day + 200-day MA overhead) provides a technically clean short entry, with the GDX/SPY ratio corroborating structural underperformance against the broad market.
Why It May Work
Why It May Not Work
Timeline
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