Analysis: Gold mining stocks have fallen into historically oversold territory, and rebound expectations are increasing.

According to Deep Tide TechFlow news, on March 29, approximately 95% of the components in the Gold Mining ETF ($GDX) have entered a bear market, the highest proportion since 2023, with a cumulative decline of 25% over the past four weeks. Analysts point out that the main reasons for this round of decline include: a strong U.S. dollar, forced selling triggered by stock market declines due to margin calls, and rising mining operation costs caused by the Iran war. However, spot gold prices remain near historic highs, and the divergence between mining stocks and gold prices is seen by some investors as an extreme oversold signal, with the market generally anticipating a strong rebound opportunity.