GDX: The Pullback In Gold Miners Creates A Compelling Entry, Options Market Confirms Upside Bias
Source: SeekingAlpha
2026-04-07 09:29:00 ET
The VanEck Gold Miners ETF (GDX) hit an all-time high of $117.18 on March 2, riding a historic gold rally that pushed spot prices above $5,700. Since then, the ETF has corrected roughly 20% to trade around $94 as of April 2, pulled down by geopolitical uncertainty, rising energy costs, and broader risk-off sentiment due to the US-Iran war. Over the trailing 12 months, GDX has still given investors a total return of ~109%, but the speed at which the pullback happened has rattled investors who bought near the highs....
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GDX: The Pullback In Gold Miners Creates A Compelling Entry, Options Market Confirms Upside Bias
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