Sean(@SeanOnTheTape):When GDX gapped higher in August, I said I did not like the gaps it left behind. If my view of the war's trajectory is right, persistent energy pressure will keep pushing yields higher. Even with geopolitical safe-haven buying, gold will remain under pressure. Gold could break its July low. If that happens, I expect GDX to fill those August gaps.

2026.09.29 08:07

When GDX gapped higher in August, I said I did not like the gaps it left behind. If my view of the war's trajectory is right, persistent energy pressure will keep pushing yields higher. Even with geopolitical safe-haven buying, gold will remain under pressure. Gold could break its July low. If that happens, I expect GDX to fill those August gaps.