After three days of rather significant gains, the mining stocks are back under some pressure - notably via the strong USD. The ETF of GDX settled -0.3% @ $24.80. There remains a serious threat of renewed downside all the way to the $21/19s.
Suffice to add.. things only turn bullish on a break above declining trend... where the 50dma is lurking in the mid $26s. Otherwise... we have an arguable gap fill, and are now set to break new multi-month lows.
The bigger monthly chart is threatening a large multi-month bull flag. That will only be provisionally confirmed though with a monthly close in the mid/upper $26s.
As ever... the USD will be a key variable. The metals would be under severe downward pressure if DXY >100. For now.. its an increasingly borderline situation.