The gold miner ETF of GDX saw a net January gain of +$8.43 (9.8%) to
$94.20.
GDX, monthly
Summary
The collective of miners printed a new historic high of $113.50,
if spiraling back to settle at $94.20. January's candle
is very spiky on the upper side, and threatens further cooling in early February.
Monthly momentum ticked upward, and is on the very high side.
Monthly RSI 85s remains overbought.
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Four of the key miners...
Agnico Eagle Mines (AEM)
Agnico broke a new hist' high of $225.00, if cooling back for a net January gain of +$20.97 (12.4%) to $190.50. Monthly
momentum ticked a touch upward, and is on the very high side. Vol' picked up to 60.2M.
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Newmont (NEM)
Newmont broke a new hist' high of $134.88, if cooling back for a net January gain of +$12.50 (12.5%) to $112.35. Monthly
momentum ticked a little higher, and is on the extremely high side. Vol' was a pretty standard 205M
--
Barrick Mining (B)
Barrick Mining broke a new hist' high of $54.69, if cooling back for a net January gain of +$2.24 (5.1%) to $45.79. Momentum is on the very high side. Vol' was a little higher at 325M
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Pan American Silver (PAAS)
Pan American Silver printed a new hist' high of $69.99, if cooling back for a net January gain of +$2.79 (5.4%) to
$54.60. Volume was a historic 186M.
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Of the four, yours truly favours Newmont.
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