Deep Tide TechFlow News, March 29 — Approximately 95% of the components in the Gold Mining ETF ($GDX) have entered a bear market, the highest proportion since 2023. Over the past four weeks, it has declined by 25%. Analysts point out that the main reasons for this decline include a strengthening dollar, forced margin calls triggered by stock market declines, and the Iran war pushing up mining operating costs. However, spot gold prices remain near historical highs, and the divergence between mining stocks and gold prices is seen by some investors as an extremely oversold signal, with widespread market expectations of a strong rebound opportunity.