How Verified Investing’s view on $GDX changed

2026-09-01Bearish

“Yields Spike Triggering Investor Fear, Gold Slammed Again, Oil Potential Breakout On Tanker Strikes”

GDX miners are shorted; current price is above the preferred entry level of ~9265, so no long position is taken yet.

And again, just last week, I was telling you guys, short the miners. The miners are at a Fibonacci retrace 618, the GDX.

Watch the source13:06

2026-08-27Bearish

“Bull Market SURGE As Nvidia, Salesforce and Crowdstrike BLAST! Watch For This Mega Money Rotation”

GDX will correct in the short term due to capital rotation from miners to semiconductors/AI.

And my thesis was that gold miners were seeing a lot of retail investment because you get a bigger bang for your buck. When gold goes up 1%, the miners usually go up 2%. And ultimately, I thought those got ahead of themselves.

Watch the source03:19