VanEck Gold Miners ETF
Investment Thesis
GDX has fallen ~25% from its 52-week high in just two weeks, driving RSI to near-oversold (30.3) and the GDX/SPY relative-strength RSI to an extreme 19.68 — a historically rare capitulation reading — while price still holds above the critical 200-day MA ($81.81). A mean-reversion bounce back toward the 50-day MA (~$97) is the high-probability setup here.
Why It May Work
Why It May Not Work
Timeline
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