With US/world capital markets in an increasingly confident mood, Gold saw some distinct weakness, and that was no doubt at least partly responsible for some weakness in the related mining stocks. The miner ETF of GDX settled -2.6% @ $22.28.
*miners are currently net higher for the FIFTH consecutive month, the best run since late 2010.
Despite the net daily decline, the miners - along with the precious metals, are comfortably holding above the very decisive breakout as built from Dec-March.
*USD. Another important factor likely in today's decline was the continued (short term) strength in the dollar.. which is trying to break back into the DXY 95s.. a mere 5-6% away from the giant 100 threshold.