GDX VanEck Gold Miners ETF
Trend channel, buy level and 3-month target. Information only, not financial advice.
Inside the channel · 8-month channel falling
Price is between the lines.
- 8-month channel
- US$62.53 – US$110.40 · falling, −14% a year
- Price in channel
- 30% (0% = floor, 100% = ceiling)
- Ceiling overhead
- US$110.40
- Turns bearish below
- US$62.53
What broke this trend
- The fall
- -39% from US$115.8627 Feb 2026 → 20 July 2026
- Whose problem it was
- This company8 of 49 Asset Management peers fell with it
- Does it resolve?
- Temporary falls like it have resolved on the record
- Regained so far
- 23%of what it lost
- What the record says
- 63% of 74 comparable falls came back, typically in 77 days measured on its own peer group
Fell -39% (27 Feb 2026 → 20 July 2026); regained 23% so far; company-specific.
Reported at the time: Gold's Strength Reflects Structural Risk, Not Speculation, Study — 27 Feb 2026
Price history, with the path projected 3 months forward
Updated 8:06 PM ET (64 h ago)
- Daily close
- Upper trend line (8 months)
- Lower trend line (8 months)
- Dashed after today: projected 3 months
- Our buy
- Our target
Suggested path
Buy now
US$76.86
last close · 30 Oct 2026
Our target
US$97.72
by 14 Dec 2026
Projected move
27.1%
gross, before costs
Last close is our buy.
Target: GDX's usual move size.
This move size: reached in 35% of 8 past stretches, typically in 18 days. (0.56% per day)
- Upper line touches
- 2
- Lower line touches
- 3
- Fit confidence
- 83%
- Fitted
- 1 Nov 2026
Company information
About VanEck Gold Miners ETF
The VanEck Gold Miners ETF (GDX) aims to closely track the total return of the MarketVector Global Gold Miners Index (MVGDXTR), mirroring both its price changes and any income generated. This objective is pursued prior to the deduction of any fees or operational expenses. The MVGDXTR index itself serves as a benchmark for the collective performance of companies engaged in the worldwide gold mining industry.
- Sector
- Financial Services
- Industry
- Asset Management
- Country
- US
https://www.vaneck.com/us/en/investments/gold-miners-etf-gdx/
Scorecard
Our own scores from the fundamentals below (not Morningstar ratings).
- Valuation
- —
- Profitability
- —
- Financial health
- —
- Cash generation
- —
Key statistics
- Market cap
- US$25.03B
- Enterprise value
- —
- Beta
- 0.81
- Avg volume
- 21.26M
- Revenue per share
- —
- Dividend yield
- —
- 52-week range
- 68.2-117.18
- Exchange
- AMEX
Key ratios
- P/E (TTM)
- —
- PEG
- —
- Price / sales
- —
- Price / book
- —
- EV / EBITDA
- —
- Gross margin
- —
- Operating margin
- —
- Net margin
- —
- Current ratio
- —
- Quick ratio
- —
- Debt / equity
- —
- Interest cover
- —
Income statement
Balance sheet
Cash flow
Trend lines are fitted to past swing highs and lows and may not continue. Information only, not financial advice.