The gold miner ETF of GDX ended the month on a weak note, -2.0% at $22.28, but that still resulted in a net monthly gain of +1.3%. Near term outlook is offering further broad chop. Things turn decisive if Gold >$1400, which would offer hyper upside in GDX to $50 by mid 2019.
Suffice to add, a bearish end to the month, but the miners did manage a sig' net monthly gain. More broadly, its all been chop since early 2017. An eventual upside break appears very probable.
The two biggest components of GDX are NEM and ABX
Newmont Mining, monthly
Newmont saw the fifth net monthly gain of the past six months, is technically m/t bullish, with soft target of the 45s, and secondary of 52/53s.
Barrick Gold, monthly
A second consecutive monthly gain for Barrick Gold, but still technically m/t bearish, and that only changes if >16.00 from May 1st onward.
Both stocks have seen recent good earnings. NEM is technically superior, but both look fine for the mid term.