tag:blogger.com,1999:blog-55765078279414574672024-03-05T15:21:21.572+00:00Fair Value StocksChart Analysis and Fair Value Stock ReportsTrading Sunsethttp://www.blogger.com/profile/13291647197167518399noreply@blogger.comBlogger1568125tag:blogger.com,1999:blog-5576507827941457467.post-13699023203126075732024-02-29T22:58:00.003+00:002024-02-29T22:58:30.364+00:00Miners under-performing<p>The gold miner ETF of GDX saw a
net January decline of -$1.58 (5.6%) to $26.36, pressured by lower gold/silver. <br />
<br />
GDX, monthly</p><p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg149MEAervEM-_jF0B4A1dFHkLW-MMYn2jSbuYFwnGn8_gghNn1tpODtXhBkU-6ypVeH32RABQWJHlBJUlXtCH0CQvIjFW3NKqPzWmgiFqCmrcOp9Urg5UDE3cCEb4skYCBMBRxcuYSm8hY2UJMQnhhyTM8CWXxVpEixLD_WpeSEfa2NrUtW_lVgUHxwg/s1240/gdx%20m%20feb29.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1240" height="620" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg149MEAervEM-_jF0B4A1dFHkLW-MMYn2jSbuYFwnGn8_gghNn1tpODtXhBkU-6ypVeH32RABQWJHlBJUlXtCH0CQvIjFW3NKqPzWmgiFqCmrcOp9Urg5UDE3cCEb4skYCBMBRxcuYSm8hY2UJMQnhhyTM8CWXxVpEixLD_WpeSEfa2NrUtW_lVgUHxwg/w640-h620/gdx%20m%20feb29.png" width="640" /></a></div><br /><p></p><p>Summary <br /></p><p>The collective of miners were lower for a second consecutive month, once again under-performing the broader equity market. I
would note the 10MA at $28.99, which was again settled beneath. <br /></p><p>Mining
bulls should be seeking to take out the 2023 high of $35.67, which will
arguably require Gold sustainably >$2100, Silver >$26.00, and
Copper >$4.00. </p><p>As ever, any main market downside would be a
problem to the mining stocks. Right now though, the broader US market is
unquestionably m/t bullish. <br />--</p><p>Three of the key miners...<br />
<br />
Newmont (NEM), monthly </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhh3RSPgI-JqviniolHCJzqwrkaDI9nf-_Rl1C7luGnLD3RLGaoRHxj1nWCs7ISIFp8kWuubvIBcL4hfgosBfTSk8R0zZySf3909kMZwLweka0vM9F_0UZBximMDPSnxNZr9c9XK0mDUJ0WyPbfJnW29nOcxZAz3ASu5ldDJppGqZhfWJQky4VhcQDlwDk/s1250/nem%20m%20feb29.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1250" height="614" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhh3RSPgI-JqviniolHCJzqwrkaDI9nf-_Rl1C7luGnLD3RLGaoRHxj1nWCs7ISIFp8kWuubvIBcL4hfgosBfTSk8R0zZySf3909kMZwLweka0vM9F_0UZBximMDPSnxNZr9c9XK0mDUJ0WyPbfJnW29nOcxZAz3ASu5ldDJppGqZhfWJQky4VhcQDlwDk/w640-h614/nem%20m%20feb29.png" width="640" /></a></div><p>Newmont saw a net February decline of -$3.26 (9.4%) to $31.25. I
would note the monthly 10MA at $38.33, which was settled beneath. Monthly
momentum ticked lower for a second month, and is on the moderately low side.<br />--<br />
<br />
Barrick Gold (GOLD), monthly</p><p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjfwO6L5SVxRjt1oCgAHJsLQjyHAyAcVrUfuURymEhcvb9BJr5l6XTbfl_Gk03z89881hjm4xL2LO7x3TnXXqoWz_GRBsuBa9Og9YU82_itlNSbwN_0p168EdQIfCwig2UQVg_B7KUh1jXegfj1LmV3FHHX6fycIJdMrtwbKMsQBtQSe7DfMCimw6EfkeI/s1250/gold%20m%20feb29.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1250" height="614" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjfwO6L5SVxRjt1oCgAHJsLQjyHAyAcVrUfuURymEhcvb9BJr5l6XTbfl_Gk03z89881hjm4xL2LO7x3TnXXqoWz_GRBsuBa9Og9YU82_itlNSbwN_0p168EdQIfCwig2UQVg_B7KUh1jXegfj1LmV3FHHX6fycIJdMrtwbKMsQBtQSe7DfMCimw6EfkeI/w640-h614/gold%20m%20feb29.png" width="640" /></a></div><br />A net February decline of -$0.83 (5.4%) to $14.66. Momentum ticked lower, turning fractionally negative. <br />--<p></p><p></p><p></p><p></p><p>First Majestic Silver (AG), monthly</p><p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgL3FfP4as9gshS1o30K3MWvLh0up4_LD-PAjF5aRi77qcP-C9ukdhx2ZmQGiar_0KIC7tROkKH3UNTpn_Oq8BtzTFwVc51PeskQolGN_lAxu7zO3ewGyWMaUrLZfwSblH6qWCVYCOtf8WdIEdwxIyjoraJHVUfbaDaMaBKRHK8hsJyeHgYJVC0lJ-Rl3g/s1250/ag%20m%20feb29.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1250" height="614" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgL3FfP4as9gshS1o30K3MWvLh0up4_LD-PAjF5aRi77qcP-C9ukdhx2ZmQGiar_0KIC7tROkKH3UNTpn_Oq8BtzTFwVc51PeskQolGN_lAxu7zO3ewGyWMaUrLZfwSblH6qWCVYCOtf8WdIEdwxIyjoraJHVUfbaDaMaBKRHK8hsJyeHgYJVC0lJ-Rl3g/w640-h614/ag%20m%20feb29.png" width="640" /></a></div><br />A net February decline of -$0.13 (2.8%) to $4.49. The February print of $4.17 is the lowest since March 2020... back when SPX was flooring at 2191. <p></p><p></p><p></p><p>--<br />Of the three, yours truly favours NEM. <br />As of end February 2024... I hold a stock position in NEM, GOLD, AG<br /></p><p>For more of the same... </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh-bV3bcV48O-jPt2Yl9WI2vGGQpRh9mqdUq8lF-siBZ8VMkXZ9GpwXQkk1PwCkrOZHOBubOu4oxqJtBf76ek7yR_Lopxv96z00Q95WR2iZR28vKkhV2qEQm_pUgoXFLPSIw1iNcvloIH5UDynSA-5Vi-QY5yR7zxl_Ubjkwu1_JC7NC9i7RXua1WJoN6g/s600/nov15%2012items%20text2.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="290" data-original-width="600" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh-bV3bcV48O-jPt2Yl9WI2vGGQpRh9mqdUq8lF-siBZ8VMkXZ9GpwXQkk1PwCkrOZHOBubOu4oxqJtBf76ek7yR_Lopxv96z00Q95WR2iZR28vKkhV2qEQm_pUgoXFLPSIw1iNcvloIH5UDynSA-5Vi-QY5yR7zxl_Ubjkwu1_JC7NC9i7RXua1WJoN6g/s16000/nov15%2012items%20text2.jpg" /></a></div><br /><p></p><p>For details and the latest offers > <a href="https://www.tradingsunset.com">https://www.tradingsunset.com</a> <br /></p>Trading Sunsethttp://www.blogger.com/profile/13291647197167518399noreply@blogger.comtag:blogger.com,1999:blog-5576507827941457467.post-84252042854027330592024-02-01T07:56:00.000+00:002024-02-01T07:56:00.407+00:00Miners dig down<p>The gold miner ETF of GDX saw a
net January decline of -$3.07 (9.9%) to $27.94, pressured by lower gold/silver. <br />
<br />
GDX, monthly</p><p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjnwxyRx9pZY-AUl66WpJMAIWlQepZFEWCFPV4qo38yeLhs3Va6hyL-OIuUAAcMRiHyZZAinQUylBcKkx8T6qLtYPAh_-vdmN8tHRWjbs94cgnFr7qbAaROax0jPQEFymCWL5M8s2kOPsQrafgbZjObS3J0TmSwn-7CxIfE4I52Vsh5zcED6kIcWgrH1UE/s1240/gdx%20m%20jan31.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1240" height="620" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjnwxyRx9pZY-AUl66WpJMAIWlQepZFEWCFPV4qo38yeLhs3Va6hyL-OIuUAAcMRiHyZZAinQUylBcKkx8T6qLtYPAh_-vdmN8tHRWjbs94cgnFr7qbAaROax0jPQEFymCWL5M8s2kOPsQrafgbZjObS3J0TmSwn-7CxIfE4I52Vsh5zcED6kIcWgrH1UE/w640-h620/gdx%20m%20jan31.png" width="640" /></a></div><br /><p></p><p>Summary <br /></p><p>The collective of miners began the year on a rough note. I
would note the 10MA at $29.66, which was settled beneath. <br /></p><p>Mining
bulls should be seeking to take out the 2023 high of $35.67, which will
arguably require Gold sustainably >$2100, Silver >$26.00, and
Copper >$4.00. </p><p>As ever, any main market downside would be a
problem to the mining stocks. Right now though, the broader US market is
unquestionably m/t bullish. <br />--</p><p>Three of the key miners...<br />
<br />
Newmont (NEM), monthly </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiGr_105QIsr8WLsNAP9Z5EuGqZk5hB-fV62pJpxuIfmIYDLb6dHW4r6BdpCtye15Ly8LxDsbzt3Pl_mWH7UBKWXg5NQ8kH0sp2EjFMLM4dj9wq3UFrdR3duGUWtFivxh4EESQs3zyVuNwJKUaG7mD_hrXM-dgZWfhi4eralpL7tzXV-1ZZGyZBkh1NLOQ/s1250/nem%20m%20jan31.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1250" height="614" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiGr_105QIsr8WLsNAP9Z5EuGqZk5hB-fV62pJpxuIfmIYDLb6dHW4r6BdpCtye15Ly8LxDsbzt3Pl_mWH7UBKWXg5NQ8kH0sp2EjFMLM4dj9wq3UFrdR3duGUWtFivxh4EESQs3zyVuNwJKUaG7mD_hrXM-dgZWfhi4eralpL7tzXV-1ZZGyZBkh1NLOQ/w640-h614/nem%20m%20jan31.png" width="640" /></a></div><p>Newmont saw a net January decline of -$6.88 (16.6%) to $34.51. I
would note the monthly 10MA at $39.80, which was settled beneath. Monthly
momentum ticked back lower, but still looks prone to turning positive, if no earlier than March.<br />--<br />
<br />
Barrick Gold (GOLD), monthly</p><p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjka6YC3MBmNNisovfm0qWZA8eeVD1kF9Wwv4V4H5bFHUP_sB4WlUaMDV1wxO0psbZWGfBJorh1E1eahpkJVyZxzpEdpaFygTgCr2Nh_rcOShrSyG36nR4ltlVqXRWus6lDGueZVXKsn-EEKs8tliLCpbRfTZq8ZOLd2UlZBs_7axGQvCdNUJ_PLK4uUtM/s1250/gold%20m%20jan31.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1250" height="614" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjka6YC3MBmNNisovfm0qWZA8eeVD1kF9Wwv4V4H5bFHUP_sB4WlUaMDV1wxO0psbZWGfBJorh1E1eahpkJVyZxzpEdpaFygTgCr2Nh_rcOShrSyG36nR4ltlVqXRWus6lDGueZVXKsn-EEKs8tliLCpbRfTZq8ZOLd2UlZBs_7axGQvCdNUJ_PLK4uUtM/w640-h614/gold%20m%20jan31.png" width="640" /></a></div><br />A net January decline of -$2.49 (13.8%) to $15.60. Momentum ticked lower, if remaining fractionally positive. <br />--<p></p><p></p><p></p><p>First Majestic Silver (AG), monthly</p><p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEibJhCD_IiXzef1aGf-3uxv1PhdIoUA_X9ktzug2Xjq1iW2xZ433iWL0yHEh1TBnKa-Ad4xkIE10qb4FaHOgn6s6Es5Cv40kLOl0V-z8hgtfXtk5imKcg5omAiGvDhqoEYGEeqb4AQKnaxQv314ayGUOnC97-_HqpGNlV3P06HBSt0SfPzn2289P1mno14/s1250/ag%20m%20jan31.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1250" height="614" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEibJhCD_IiXzef1aGf-3uxv1PhdIoUA_X9ktzug2Xjq1iW2xZ433iWL0yHEh1TBnKa-Ad4xkIE10qb4FaHOgn6s6Es5Cv40kLOl0V-z8hgtfXtk5imKcg5omAiGvDhqoEYGEeqb4AQKnaxQv314ayGUOnC97-_HqpGNlV3P06HBSt0SfPzn2289P1mno14/w640-h614/ag%20m%20jan31.png" width="640" /></a></div><br />A net January decline of -$1.53 (24.9%) to $4.62. I would note the
January settlement is back below the 10MA, with monthly momentum fractionally negative. The silver miners are (as is usually the
case) fairing worse than the gold miners.<p></p><p></p><p>--<br />Of the three, yours truly favours GOLD. <br />As of end January 2024... I hold a stock position in NEM, GOLD, AG<br /></p><p>For more of the same... <br /></p><p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgSRu5uhX1YjX7mkutqEsbXuRwerYeW-Jh16jy-jFdNYXqqy6dzstpDIn7nVy1onpum02nT5rtk0lhwvXXsCcsHBWLQD-uKDPlUErS6Sc0y2h0DCYO7V6E_EoVLXVHF5Lb7GvL5pNewVziQBEDHEQZzeEuxsNHV5mgn6FyGt7VXnQ6_TrcRzQUMPNnPirw/s601/sunset%20schedule%20nov22.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="337" data-original-width="601" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgSRu5uhX1YjX7mkutqEsbXuRwerYeW-Jh16jy-jFdNYXqqy6dzstpDIn7nVy1onpum02nT5rtk0lhwvXXsCcsHBWLQD-uKDPlUErS6Sc0y2h0DCYO7V6E_EoVLXVHF5Lb7GvL5pNewVziQBEDHEQZzeEuxsNHV5mgn6FyGt7VXnQ6_TrcRzQUMPNnPirw/s16000/sunset%20schedule%20nov22.jpg" /></a></div><br />For details and the latest offers > <a href="https://www.tradingsunset.com">https://www.tradingsunset.com</a><p></p>Trading Sunsethttp://www.blogger.com/profile/13291647197167518399noreply@blogger.comtag:blogger.com,1999:blog-5576507827941457467.post-1152544198606479892023-12-30T19:02:00.002+00:002023-12-30T20:50:12.397+00:00Net 2023 gains for the miners<p>The gold miner ETF of GDX saw a
net December gain of +$0.20 (0.6%) to $31.01, which made for a net 2023 gain of +$2.81 (10.0%). <br />
<br />
GDX, monthly</p><p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi6z_3fkGmuA3cCOBAyikNmbzxoORuCiBn4axu2RGjK7WBKqZk_Un4KlNBjNShgTZWt_weMiBAEb5xvdeqQT6iKkwSeweoK0ra40ok4CT31X8uIqfHNAkO2p-a-3QNEVyUPYzGs78Ml-EfbOkX0HKGgXDSGKTDrIYN3X4wcbpbXP2-BqjFR-V9og9dOxOM/s1240/gdx%20m%20dec29.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1240" height="620" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi6z_3fkGmuA3cCOBAyikNmbzxoORuCiBn4axu2RGjK7WBKqZk_Un4KlNBjNShgTZWt_weMiBAEb5xvdeqQT6iKkwSeweoK0ra40ok4CT31X8uIqfHNAkO2p-a-3QNEVyUPYzGs78Ml-EfbOkX0HKGgXDSGKTDrIYN3X4wcbpbXP2-BqjFR-V9og9dOxOM/w640-h620/gdx%20m%20dec29.png" width="640" /></a></div><br /><p></p><p>Summary <br /></p><p>The collective of miners climbed for a third consecutive month. I
would note the 10MA at $30.04, which was settled above. </p><p>Mining bulls should be seeking to take out the 2023 high of $35.67, which will arguably require Gold sustainably >$2100, Silver >$25.00, and Copper >$4.00. </p><p>As ever, any main market downside would be a problem to the mining stocks. Right now though, the broader US market is unquestionably m/t bullish. <br />--</p><p>Three of the key miners...<br />
<br />
Newmont (NEM), monthly </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjQHlf58Ro6EU97MaK5oieGa9kqc6kBQrbjEm9d92N7tdp6VigXxo31j_78Skwnr2kYU6p9SFDiupIoIiv8XhX5mhWtBcd_4g93azisA6JzpiaJ7jkJ1CFmhVTqWttltNAnY13bKJ80ensa6FAVx60ogCu9zE6aHjuKVU9KQz5TywjZbCIhMKTDENiLwlk/s1250/nem%20m%20dec29.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1250" height="614" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjQHlf58Ro6EU97MaK5oieGa9kqc6kBQrbjEm9d92N7tdp6VigXxo31j_78Skwnr2kYU6p9SFDiupIoIiv8XhX5mhWtBcd_4g93azisA6JzpiaJ7jkJ1CFmhVTqWttltNAnY13bKJ80ensa6FAVx60ogCu9zE6aHjuKVU9KQz5TywjZbCIhMKTDENiLwlk/w640-h614/nem%20m%20dec29.png" width="640" /></a></div><p>Newmont saw a net December gain of +$1.20 (3.0%) to $41.39. I
would note the monthly 10MA at $41.10, which was marginally settled above. Net yearly decline of -$3.97 (8.8%).
Monthly
momentum is ticking upward, and prone to turning positive within Jan/Feb'. Price could be expected to spike, with a break above key price threshold of the $44s. <br />--<br />
<br />
Barrick Gold (GOLD), monthly</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgnWDNryK5k-GJQrckRsbBLKgwx1oOHm0N9W0F48i63HffKp1fBRdWOzUwt-jo8w58n3Q50PKInhsYqjnhuWGM_cWkE_CSlw7hAo7OcWD693V9qWFi3L8CGwfFj_JKMMuvZGN68qJ0vgY77MVWPrquaPb314K3OO9ph0HmBpsBGTBWqWMWn9KXFt7EuX9E/s1250/gold%20m%20dec29.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1250" height="614" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgnWDNryK5k-GJQrckRsbBLKgwx1oOHm0N9W0F48i63HffKp1fBRdWOzUwt-jo8w58n3Q50PKInhsYqjnhuWGM_cWkE_CSlw7hAo7OcWD693V9qWFi3L8CGwfFj_JKMMuvZGN68qJ0vgY77MVWPrquaPb314K3OO9ph0HmBpsBGTBWqWMWn9KXFt7EuX9E/w640-h614/gold%20m%20dec29.png" width="640" /></a></div><br />A net December gain of +$0.50 (2.8%) to $18.09. A
net yearly gain of +$1.32 (7.9%). The December candle leans at least s/t bullish, with momentum having turned positive. <br />--<p></p><p></p><p>First Majestic Silver (AG), monthly</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh-jQivMn1mdvl_rvokDQdmh85W_3OI2u3UEbvoeZMsU6altBrtcqD3RoDwiOzrKc9nnGB38i5LbmuDPm1-ge_9ahfG5w9zlGnqRYF5VdzBsaDUXXBL4Vmeo_2K9uKPECWWy4dFFPDv3KcBEUBniZet6nw268jmH1z8Gw7oY9dnTWxLyOfwRSIx4Z9sKVc/s1250/ag%20m%20dec29.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1250" height="614" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh-jQivMn1mdvl_rvokDQdmh85W_3OI2u3UEbvoeZMsU6altBrtcqD3RoDwiOzrKc9nnGB38i5LbmuDPm1-ge_9ahfG5w9zlGnqRYF5VdzBsaDUXXBL4Vmeo_2K9uKPECWWy4dFFPDv3KcBEUBniZet6nw268jmH1z8Gw7oY9dnTWxLyOfwRSIx4Z9sKVc/w640-h614/ag%20m%20dec29.png" width="640" /></a></div><br />A net December gain of +$0.18 (3.0%) to $6.15. I would note the
December settlement is back above the 10MA, with monthly momentum due to turn positive in January. A net yearly
decline of -$2.16 (26.0%), as the silver miners are (as is usually the
case) fairing worse than the gold miners.<p></p><p>--<br />Of the three, yours truly favours NEM. <br />As of end 2023... I hold a stock position in NEM<br />-</p><div class="separator" style="clear: both; text-align: center;"><iframe allowfullscreen="" class="BLOG_video_class" height="330" src="https://www.youtube.com/embed/R7UikzYdgTc" width="602" youtube-src-id="R7UikzYdgTc"></iframe></div><br /><p>Something I just recently noticed.<br />Highly recommended for those with an interest in gold and the related miners.<br /></p><p>--<br /></p><p>For more of the same...</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjHwgi2YyLbcjfVFdh0hSaJEDk2RpaI8fhF0-YQrs2kjS-ZUOigQUQSmA36_3XjqIoWuoEAK2SVIJB_7ZR4kvU8_L63EG6cR1DdLQM7W36B8gGauUQlWJf4EvFOuFxNeLt-sqlxUNdQRxbryk9uIBqm-caai56Na70B1C-Aja2m6rWl6h9vAOUdhIhyphenhyphen5js/s606/sunset%20goldsilver%20finalised.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="360" data-original-width="606" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjHwgi2YyLbcjfVFdh0hSaJEDk2RpaI8fhF0-YQrs2kjS-ZUOigQUQSmA36_3XjqIoWuoEAK2SVIJB_7ZR4kvU8_L63EG6cR1DdLQM7W36B8gGauUQlWJf4EvFOuFxNeLt-sqlxUNdQRxbryk9uIBqm-caai56Na70B1C-Aja2m6rWl6h9vAOUdhIhyphenhyphen5js/s16000/sunset%20goldsilver%20finalised.jpg" /></a></div><br /><p></p><p> For details and the latest offers > <a href="https://www.tradingsunset.com">https://www.tradingsunset.com</a></p>Trading Sunsethttp://www.blogger.com/profile/13291647197167518399noreply@blogger.comtag:blogger.com,1999:blog-5576507827941457467.post-44002984729238338822023-11-30T21:59:00.000+00:002023-11-30T21:59:14.404+00:00The strong miners<p>The gold miner ETF of GDX saw a
net November gain of +$3.31 (11.8%) to $31.32, helped by upside in gold and silver. <br />
<br />
GDX, monthly</p><p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhMbpRc8saBgSnRD95I8NGdiaUdq57aJxCV-CqxUQle6A6fW4ZcF_0F4BgsRnKo2gdY-31j4Y7Z8tfqZrgajUMgZHCChgBw-Qnl3sY88YScKJopGICmjhdOcq5zepYUtdMhHPngpNkau3otaHz8jpP8j-njLZUj7R0KxJtWzgCwYCLqv0_Ia-S8E5JwLzE/s1240/gdx%20m%20nov30.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1240" height="620" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhMbpRc8saBgSnRD95I8NGdiaUdq57aJxCV-CqxUQle6A6fW4ZcF_0F4BgsRnKo2gdY-31j4Y7Z8tfqZrgajUMgZHCChgBw-Qnl3sY88YScKJopGICmjhdOcq5zepYUtdMhHPngpNkau3otaHz8jpP8j-njLZUj7R0KxJtWzgCwYCLqv0_Ia-S8E5JwLzE/w640-h620/gdx%20m%20nov30.png" width="640" /></a></div><br /><p></p><p>Summary <br /></p><p>An intra month low of $27.01, but swinging lower to
settle at $31.32. I
would note the 10MA at $30.14, which was settled above. Monthly
momentum ticked back upward, and settled fractionally positive.<br /></p><p>The central concern should be any renewed broad/sustained downside in the main market. However, I'd accept that doesn't look due any earlier than mid January. <br />--</p><p>Three of the key miners...<br />
<br />
Newmont (NEM), monthly </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi7wno0SSk1TVwGeoygIaMSD3-nMmoIjK-VmqO0FPQy8NUjj79BSaN2Z39Y2r5CgnR69mk-TVUIalH1P4_s1-wLeg1wIer2bI5NNM6FJPqu-dVbeofONPcnKCy_17SVDQIs4P-Xr8Ly59tTb5WpxAViOjNR3BKgkjBYQn4H4wTWK8y6NLFaoRfg7Jydu6U/s1250/nem%20m%20nov30.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1250" height="614" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi7wno0SSk1TVwGeoygIaMSD3-nMmoIjK-VmqO0FPQy8NUjj79BSaN2Z39Y2r5CgnR69mk-TVUIalH1P4_s1-wLeg1wIer2bI5NNM6FJPqu-dVbeofONPcnKCy_17SVDQIs4P-Xr8Ly59tTb5WpxAViOjNR3BKgkjBYQn4H4wTWK8y6NLFaoRfg7Jydu6U/w640-h614/nem%20m%20nov30.png" width="640" /></a></div><p>Newmont saw a net November gain of +$3.09 (8.3%) to $37.47. I
would note the monthly 10MA at $41.16, which was settled beneath.
Monthly
momentum ticked upward, if remaining negative. The November candle is bullish engulfing, and leans s/t bullish. <br />--<br />
<br />
Barrick Gold (GOLD), monthly</p><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh_5MwWfhvfG-Yv6RxiYimDzUPzZu_HMy53rIc0eSgnUoLBk4sAclqS2g6i9JCneW2C8OtlJxhbU0o91XV_DcTuznjvJS8n2GlvYi6DhpNaJs_hEIjZz-xOi26_OA4jbX9dGOnQN8mr5VmfCXVfzBUTlaRfmn5AKptW62URbbRFpkC8jVZZv9uaE4n_FD0/s1250/gold%20m%20nov30.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1250" height="614" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh_5MwWfhvfG-Yv6RxiYimDzUPzZu_HMy53rIc0eSgnUoLBk4sAclqS2g6i9JCneW2C8OtlJxhbU0o91XV_DcTuznjvJS8n2GlvYi6DhpNaJs_hEIjZz-xOi26_OA4jbX9dGOnQN8mr5VmfCXVfzBUTlaRfmn5AKptW62URbbRFpkC8jVZZv9uaE4n_FD0/w640-h614/gold%20m%20nov30.png" width="640" /></a></div><br /><p></p><p>A net November gain of +$1.70 (10.7%) to $15.98. Momentum subtly ticked
upward, turning fractionally positive. Soft target is key price threshold of the $19.20s. <br />--</p><p></p><p></p><p></p><p></p><p></p><p></p><p>First Majestic Silver (AG), monthly</p><p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj97o3wEF0guIRrv0GDxOebXuX4Px0N6CZFtWd14GcyHtICs1R7iBenfED9CkEmdLjj6LPK9NgW13y8ksBML8ALXp0vCPxRxP81nInhKXNqie4t7XRefuOxcBRA_KfRTkJq0NG1wzcq_ZBJRiVyZPff3F4x3Oi6T1yfSyRlkOD4DfI1hunNqtEugcZ6Mdg/s1250/ag%20m%20nov30.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1250" height="614" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj97o3wEF0guIRrv0GDxOebXuX4Px0N6CZFtWd14GcyHtICs1R7iBenfED9CkEmdLjj6LPK9NgW13y8ksBML8ALXp0vCPxRxP81nInhKXNqie4t7XRefuOxcBRA_KfRTkJq0NG1wzcq_ZBJRiVyZPff3F4x3Oi6T1yfSyRlkOD4DfI1hunNqtEugcZ6Mdg/w640-h614/ag%20m%20nov30.png" width="640" /></a></div><br /><p></p><p>A net November gain of +$0.83 (16.0%) to $5.97. A twelfth consecutive
settlement below the 10MA. The November candle is bullish engulfing, and leans s/t bullish. </p><p></p><p></p><p></p><p></p><p></p><p></p><p></p><p>--<br />Of
the three, yours truly favours Newmont, as it has less exposure to
copper than Barrick. The bold will lean to the silver miners, but they
would be especially vulnerable if the main market continues lower.<br />--<br /></p><p>For more of the same...</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgZ3n652Feddw3oAXrv6EEQT2bGnDk_YUPmY19V1H_3v5xwk5zQBRtavTZsCUfUEoEeOc9wxUKd9iFd9dGw2e53O8sidsU6S15WIUCj_rhIikaCQtqutSkkpZnDH94PFdButwf2qgALtWVXGL9WlUJbdm4JdyOtLSpUSLtjUpbRVfbayhYVIQombxx8kes/s606/sunset%20goldsilver%20finalised.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="360" data-original-width="606" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgZ3n652Feddw3oAXrv6EEQT2bGnDk_YUPmY19V1H_3v5xwk5zQBRtavTZsCUfUEoEeOc9wxUKd9iFd9dGw2e53O8sidsU6S15WIUCj_rhIikaCQtqutSkkpZnDH94PFdButwf2qgALtWVXGL9WlUJbdm4JdyOtLSpUSLtjUpbRVfbayhYVIQombxx8kes/s16000/sunset%20goldsilver%20finalised.jpg" /></a></div><br />For the latest subscription offers > <a href="https://www.tradingsunset.com">https://www.tradingsunset.com</a> <br /><p></p>Trading Sunsethttp://www.blogger.com/profile/13291647197167518399noreply@blogger.comtag:blogger.com,1999:blog-5576507827941457467.post-86057265382926263452023-10-31T21:00:00.001+00:002023-10-31T21:00:56.537+00:00Miners higher with gold<p>The gold miner ETF of GDX saw a
net October gain of +$1.10 (4.1%) to $28.01, helped by upside in gold and silver. <br />
<br />
GDX, monthly</p><p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhWWCJOMrxO1VWSUZGWZLf4PmJlyPfHzzVVkgrpdulJgWPQ1imVdRluVg6JQUoDFlI7Yau5xpyPv2WJVwxCHFpYWYAaxLlSdDiMPeR8ClTw7YqE6Ff6uWugVuGM-pz3YblCoZg6TgEbrdGFjHCjQ20M6N2UpZp0hEFUQYYtsuCXrKBFz0IHvFj3CVDoToM/s1240/gdx%20m%20oct31.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1240" height="620" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhWWCJOMrxO1VWSUZGWZLf4PmJlyPfHzzVVkgrpdulJgWPQ1imVdRluVg6JQUoDFlI7Yau5xpyPv2WJVwxCHFpYWYAaxLlSdDiMPeR8ClTw7YqE6Ff6uWugVuGM-pz3YblCoZg6TgEbrdGFjHCjQ20M6N2UpZp0hEFUQYYtsuCXrKBFz0IHvFj3CVDoToM/w640-h620/gdx%20m%20oct31.png" width="640" /></a></div><br /><p></p><p>Summary <br /></p><p>An intra month low of $25.62, but swinging lower to
settle at $28.01. I
would note the 10MA at $30.21, which was settled below. Monthly
momentum ticked lower, and remains marginally negative.<br /></p><p>The central concern should be that any further downside in the main market would be a downward pressure
on the miners. It doesn't necessarily mean they will be net lower, but
it does mean they would be restrained to a considerable degree, even if gold/silver are net higher. <br />--</p><p>Three of the key miners...<br />
<br />
Newmont (NEM), monthly </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiJ7rAl2l621O-cKCGRAeWV3PAUAlsVMe_bax3YXlZXdy6CePxq5x1SJ3hII_Cg4Bq9jdGHxrfECSan6zyFJ46W-xuroQ0976PPaoviEGINnVsHUZDwB4lmVXh4zk74yR2q9sq-M-1sT-HgW3MBhdPsrSTv_kQZRpckNRuBX5GFRn9iaXGugy9sp79YBS0/s1250/nem%20m%20oct31.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1250" height="614" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiJ7rAl2l621O-cKCGRAeWV3PAUAlsVMe_bax3YXlZXdy6CePxq5x1SJ3hII_Cg4Bq9jdGHxrfECSan6zyFJ46W-xuroQ0976PPaoviEGINnVsHUZDwB4lmVXh4zk74yR2q9sq-M-1sT-HgW3MBhdPsrSTv_kQZRpckNRuBX5GFRn9iaXGugy9sp79YBS0/w640-h614/nem%20m%20oct31.png" width="640" /></a></div><p>Newmont saw a net October gain of +$0.51 (1.4%) to $37.47, distinctly lagging the sector. I
would note the monthly 10MA at $42.65, which was settled beneath.
Monthly
momentum subtly ticked back upward, and remains negative. Support $36s,
and then its open air to the $25s... last printed in Oct'2018.<br />--<br />
<br />
Barrick Gold (GOLD), monthly</p><p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjWTDLwnOg4vhY51S0Sx4J6OgwAmCjSe9nw-hsST6Lm46WTSy74tUFQ420ygReGeZBhbsIW8SBc3Lmj-f8t3eU1QK4auLWUmUIEG2C_oiD0AlMFp9kWA1HUvV-AAsuQDGgwyoR2aghaGn_U4-X1H9SAvo9iok9nUdiJcQK130_U9uyutgD38it_Zq7K-ds/s1250/gold%20m%20oct31.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1250" height="614" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjWTDLwnOg4vhY51S0Sx4J6OgwAmCjSe9nw-hsST6Lm46WTSy74tUFQ420ygReGeZBhbsIW8SBc3Lmj-f8t3eU1QK4auLWUmUIEG2C_oiD0AlMFp9kWA1HUvV-AAsuQDGgwyoR2aghaGn_U4-X1H9SAvo9iok9nUdiJcQK130_U9uyutgD38it_Zq7K-ds/w640-h614/gold%20m%20oct31.png" width="640" /></a></div><br />A net October gain of +$1.43 (9.8%) to $15.98. Momentum subtly ticked back upward, if remaining fractionally negative. Support $12s, and then the 2018 $8s.<br />--<p></p><p></p><p></p><p></p><p></p><p></p><p>First Majestic Silver (AG), monthly</p><p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjj8NlezE35FqVOp2SugMj4EkvgdezgK1TJ6hDMk7SjMMcb4YbmmFvuiZE8Hx32wjVrYAYv04FuM12ja2yY8rQ-s08vE4SCgR4qfBJB7iwpkzVdVHjZjK1Q9C_SOC_S2N63neUvo8aVVlXUcnQJQrxiP3y0J0m2ntVA-Dt6R0MeOetmOQ1zix_LybWELIA/s1250/ag%20m%20oct31.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1250" height="614" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjj8NlezE35FqVOp2SugMj4EkvgdezgK1TJ6hDMk7SjMMcb4YbmmFvuiZE8Hx32wjVrYAYv04FuM12ja2yY8rQ-s08vE4SCgR4qfBJB7iwpkzVdVHjZjK1Q9C_SOC_S2N63neUvo8aVVlXUcnQJQrxiP3y0J0m2ntVA-Dt6R0MeOetmOQ1zix_LybWELIA/w640-h614/ag%20m%20oct31.png" width="640" /></a></div><br />A net October gain of +$0.02 (0.4%) to $5.15. A eleventh consecutive
settlement below the 10MA. I'd note the March 2020 low of $4.15, as
appears an eventuality, assuming the main market is broadly lower into 2024.<br /><p></p><p></p><p></p><p></p><p></p><p></p><p></p><p>--<br />Of
the three, yours truly favours Newmont, as it has less exposure to
copper than Barrick. The bold will lean to the silver miners, but they
would be especially vulnerable if the main market continues lower.<br />--<br /></p><p>For more of the same...</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj1aU7UvVUh2iShVy1_xNWXLlm0NcqK_h5M4q1bbgXx6yn8gUAQBX3LWICUbdnIz7wxKUlmQ-lqTA3L08BMrtFkHk2urzCGo-SoHZ0RzoUDQ2W6nOEt2u-_2Krf1O2Jpe55jotUUj2DP1bmFcO7L7jrAVT1Yj9Otf8bnSjtjemT0Mhxzi1Bs-TYwZTY87A/s600/nov15%2012items%20text1.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="271" data-original-width="600" height="290" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj1aU7UvVUh2iShVy1_xNWXLlm0NcqK_h5M4q1bbgXx6yn8gUAQBX3LWICUbdnIz7wxKUlmQ-lqTA3L08BMrtFkHk2urzCGo-SoHZ0RzoUDQ2W6nOEt2u-_2Krf1O2Jpe55jotUUj2DP1bmFcO7L7jrAVT1Yj9Otf8bnSjtjemT0Mhxzi1Bs-TYwZTY87A/w640-h290/nov15%2012items%20text1.jpg" width="640" /></a></div><p>For details > <a href="https://www.tradingsunset.com">https://www.tradingsunset.com</a> <br /></p>Trading Sunsethttp://www.blogger.com/profile/13291647197167518399noreply@blogger.comtag:blogger.com,1999:blog-5576507827941457467.post-27630705988346964922023-09-29T23:15:00.000+01:002023-09-29T23:15:48.808+01:00Miners still digging<p>The gold miner ETF of GDX saw a
net September decline of -$2.35 (8.0%) to $26.91, pressured by a weak equity market, and further downside in gold and silver. <br />
<br />
GDX, monthly</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi0dYcFrKmpShxQ8tUIbCN13ksTqmQ9_PIYuJeq9qswt7W5BdraeB7g98fMzqsiqc-vjRT1caG5-eOxU4jsGZv1dYlQ-SBeu4x_FCtMXZoSZe-z7C_SiwM4LUCjWQ-EggWrO_-SahE4KS02aMIjonH5Le1kgGZatcQbcJmff5czPcKlxIGZ9frZQrg3onc/s1240/gdx%20m%20sept29.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1240" height="620" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi0dYcFrKmpShxQ8tUIbCN13ksTqmQ9_PIYuJeq9qswt7W5BdraeB7g98fMzqsiqc-vjRT1caG5-eOxU4jsGZv1dYlQ-SBeu4x_FCtMXZoSZe-z7C_SiwM4LUCjWQ-EggWrO_-SahE4KS02aMIjonH5Le1kgGZatcQbcJmff5czPcKlxIGZ9frZQrg3onc/w640-h620/gdx%20m%20sept29.png" width="640" /></a></div><br /><p></p><p>Summary <br /></p><p>An intra month high of $30.13, but swinging lower to
settle at $26.91. I
would note the 10MA at $30.27, which was settled below. Monthly
momentum ticked lower, and has turned negative.<br /></p><p>The central concern should be that any downside in the main market would be a downward pressure
on the miners. It doesn't necessarily mean they will be net lower, but
it does mean they would be restrained to a considerable degree, even if gold/silver are net higher. <br />--</p><p>Three of the key miners...<br />
<br />
Newmont (NEM), monthly </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiQD8GryViBadydqZmMLQNWYRAzkZNDeTDbcbes1a5UvW0HOT6sudCnNJDta1R_m2NuSIlbZQ14zH85QQgpVN7MY6YEwJiiq1KdONBoLu99TuYwWvRYmE78y7rI4bic4C4oqY7unemlu8pDoJw0KIUB1pwNeRGw22MJT78H_jlc3wA-CYOZ3H2wINwbQz4/s1250/nem%20m%20sept29.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1250" height="614" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiQD8GryViBadydqZmMLQNWYRAzkZNDeTDbcbes1a5UvW0HOT6sudCnNJDta1R_m2NuSIlbZQ14zH85QQgpVN7MY6YEwJiiq1KdONBoLu99TuYwWvRYmE78y7rI4bic4C4oqY7unemlu8pDoJw0KIUB1pwNeRGw22MJT78H_jlc3wA-CYOZ3H2wINwbQz4/w640-h614/nem%20m%20sept29.png" width="640" /></a></div><p>Newmont saw a net September decline of -$2.06 (5.3%) to $36.95, fairing somewhat better than the sector. I
would note the monthly 10MA at $43.48, which was settled beneath. Monthly
momentum subtly ticked back lower, and remains negative. Support $36s, and then its open air to the $25s... last printed in Oct'2018.<br />--<br />
<br />
Barrick Gold (GOLD), monthly</p><p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjyedcRxipCD8x_EYj5lWopytPWhbyVohmpvTUnDOiKkSbdsQxZTwcnkf4mufNw5imuPVBcgUFxjqsWJhX_zFwqW9Fn-k-V3tsUGAoIqp4RDvAjN_bl2Sdz2SdB5H2nkk1LBY-BYaE_8Px4AjjRu8H1deKTY4fCLT3MHlAGfaZGoRW41IzaUwNaHn4K0cw/s1250/gold%20m%20sept29.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1250" height="614" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjyedcRxipCD8x_EYj5lWopytPWhbyVohmpvTUnDOiKkSbdsQxZTwcnkf4mufNw5imuPVBcgUFxjqsWJhX_zFwqW9Fn-k-V3tsUGAoIqp4RDvAjN_bl2Sdz2SdB5H2nkk1LBY-BYaE_8Px4AjjRu8H1deKTY4fCLT3MHlAGfaZGoRW41IzaUwNaHn4K0cw/w640-h614/gold%20m%20sept29.png" width="640" /></a></div><br /><p></p><p>A net September decline of -$1.66 (10.2%) to $14.55. Momentum is increasingly negative. Support $12s, and then the 2018 $8s.<br />--</p><p></p><p></p><p></p><p></p><p></p><p>First Majestic Silver (AG), monthly</p><p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgj2PmDYBOIPMUkjF6FSo_aA5ep6jCEQgLiIxItPXrRWkqJmXq4NPM_RxPxLxHk6h4gJ8Vp1Ad-J0lITZUMja4vkJIKlXE65_2jsClB3uPnh8xw0a5fdcj0EN3wHSBnPspHK-X-jkWtwZB-Rx_erdw27bEVV2klJCLDnL7zjvlAoG3R01YkLTsyoZ-BNJA/s1250/ag%20m%20sept29.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1250" height="614" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgj2PmDYBOIPMUkjF6FSo_aA5ep6jCEQgLiIxItPXrRWkqJmXq4NPM_RxPxLxHk6h4gJ8Vp1Ad-J0lITZUMja4vkJIKlXE65_2jsClB3uPnh8xw0a5fdcj0EN3wHSBnPspHK-X-jkWtwZB-Rx_erdw27bEVV2klJCLDnL7zjvlAoG3R01YkLTsyoZ-BNJA/w640-h614/ag%20m%20sept29.png" width="640" /></a></div><br /><p></p><p>A net August decline of -$1.00 (16.3%) to $5.13. A tenth consecutive
settlement below the 10MA. I'd note the March 2020 low of $4.15... as
appears an eventuality, assuming the main market is broadly weak into 2024.<br /></p><p></p><p></p><p></p><p></p><p></p><p></p><p>--<br />Of
the three, yours truly favours Newmont, as it has less exposure to
copper than Barrick. The bold will lean to the silver miners, but they
would be especially vulnerable if the main market continues lower.<br /><br />As of end September 2023... I hold no miner stocks/options. </p><p>For more of the same...</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEivpmdd2LuDVo1ESp6jgFD5Q5zAtGxeJJxijZoiTEfECTMu8trGYjl6Yl79OAvyH9tjEDapE2WXCQ9c0s695IEesvAU6NJO5ChTOHoKF2NnP5G31rDDa9YV22IgAkdLAp_zeGcSY1GMP5abn57U-1e2P4e24ZMl_hK-4prLfnkfxb5kSbZ9Vk73p4vtWAg/s606/sunset%20goldsilver%20finalised.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="360" data-original-width="606" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEivpmdd2LuDVo1ESp6jgFD5Q5zAtGxeJJxijZoiTEfECTMu8trGYjl6Yl79OAvyH9tjEDapE2WXCQ9c0s695IEesvAU6NJO5ChTOHoKF2NnP5G31rDDa9YV22IgAkdLAp_zeGcSY1GMP5abn57U-1e2P4e24ZMl_hK-4prLfnkfxb5kSbZ9Vk73p4vtWAg/s16000/sunset%20goldsilver%20finalised.jpg" /></a></div><br /><p></p><p>For details > <a href="https://www.tradingsunset.com">https://www.tradingsunset.com</a> <br /></p>Trading Sunsethttp://www.blogger.com/profile/13291647197167518399noreply@blogger.comtag:blogger.com,1999:blog-5576507827941457467.post-44593736575727008032023-08-31T21:54:00.000+01:002023-08-31T21:54:50.561+01:00Miners digging back down<p>The gold miner ETF of GDX saw a
net August decline of -$2.15 (6.8%) to $29.26, pressured by a shaky equity market, and downside in gold and silver. <br />
<br />
GDX, monthly</p><p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgCUfA1hI-ZlNaKxThZuQfhkadjPxp6WhwPpSZMRxrnqRiZlqEKyO82KaHHn8waPYxzljC9n_EfKFJKyvEQE8QOdDSv3AHbaSkZexHtXwytK8XxMmoAJKSoQ-n3Q22WoJ6VTGuXAuwOHPv0LJP_N-Cyyz2TSmFsxbfV1WJiYXHCYhtgpRNJxh89uBQSFw0/s1240/gdx%20m%20aug31.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1240" height="620" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgCUfA1hI-ZlNaKxThZuQfhkadjPxp6WhwPpSZMRxrnqRiZlqEKyO82KaHHn8waPYxzljC9n_EfKFJKyvEQE8QOdDSv3AHbaSkZexHtXwytK8XxMmoAJKSoQ-n3Q22WoJ6VTGuXAuwOHPv0LJP_N-Cyyz2TSmFsxbfV1WJiYXHCYhtgpRNJxh89uBQSFw0/w640-h620/gdx%20m%20aug31.png" width="640" /></a></div><br /><p></p><p>Summary <br /></p><p>An intra month low of $27.27, but recovering to settle at $29.26. I
would note the 10MA at $30.44, which was settled below. Monthly momentum ticked lower, and is prone to turning negative in September. </p><p>The central concern should be that any downside in the main market would be a downward pressure
on the miners. It doesn't necessarily mean they will be net lower, but
it does mean they would be restrained to a considerable degree, even if gold/silver are net higher. <br />--</p><p>Three of the key miners...<br />
<br />
Newmont (NEM), monthly </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgYmsSSGYrT5uT3bVdgjsCTDzii1pnoxVr5Tlg3llZP2vBn4_ufHlabOzIUSbbXA0TX5JCv9qG38v7e_ftjmnY2k9ljrcxuEubBwr9Y2j3FbkEpTU5vOSsG2vX7ItvP44tQW600FXeVhhH7aCY0lsU6efaZuBRhsnqMtGO5lu1744iF0kGfBoICzcQ58w4/s1250/nem%20m%20aug31.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1250" height="614" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgYmsSSGYrT5uT3bVdgjsCTDzii1pnoxVr5Tlg3llZP2vBn4_ufHlabOzIUSbbXA0TX5JCv9qG38v7e_ftjmnY2k9ljrcxuEubBwr9Y2j3FbkEpTU5vOSsG2vX7ItvP44tQW600FXeVhhH7aCY0lsU6efaZuBRhsnqMtGO5lu1744iF0kGfBoICzcQ58w4/w640-h614/nem%20m%20aug31.png" width="640" /></a></div><p>Newmont saw a net August decline of -$3.50 (8.1%) to $39.42, a distinctly weak performance relative to the sector. I
would note the monthly 10MA at $44.80, which was settled beneath. Monthly
momentum subtly ticked back lower, and remains negative. Support $36s, with major upside resistance of the $45s. <br />--<br />
<br />
Barrick Gold (GOLD), monthly</p><p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgMKIAPyNaoQdW1HUtT8pemiaMmVzCCXc3sd_sYXn5vzX4kboTGZhvobYdVeLQ1Rzx1ib1yI1NF-EKmYGSfKFThSVb8KWdKUZKnmYaMuItJWeF9CzaFPk8r7O_ql6-6qwWM8ku-6QdEdgWOOjE0iuddeIbISvh_zorLWXPzb0eZLnK3g898UO7g5-ryso0/s1250/gold%20m%20aug31.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1250" height="614" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgMKIAPyNaoQdW1HUtT8pemiaMmVzCCXc3sd_sYXn5vzX4kboTGZhvobYdVeLQ1Rzx1ib1yI1NF-EKmYGSfKFThSVb8KWdKUZKnmYaMuItJWeF9CzaFPk8r7O_ql6-6qwWM8ku-6QdEdgWOOjE0iuddeIbISvh_zorLWXPzb0eZLnK3g898UO7g5-ryso0/w640-h614/gold%20m%20aug31.png" width="640" /></a></div><br /><p></p><p>A net August decline of -$0.97 (5.7%) to $16.21. Momentum has turned fractionally negative. Support $12s, with upside resistance of
the mid $19s. <br />--</p><p></p><p></p><p></p><p></p><p></p><p>First Majestic Silver (AG), monthly</p><p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiDJ3_bEGu522AQbvqW1-a4tPjTh9KDTammdoS8_-l8MG06QlHO0H5vnfsJSmCSVi3SsMJzJ3U0KHO-7_Z4Dyq9eehQ2XhN43swc0NW45Ieu71lv-RiHNqR_s-Lg9RnULVAyUhufvVLCQEnJ_ajOeo8nqrJ_nqtUqXncLJJqopHocvLwVyYEhpcxjPEl_0/s1250/ag%20m%20aug31.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1250" height="614" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiDJ3_bEGu522AQbvqW1-a4tPjTh9KDTammdoS8_-l8MG06QlHO0H5vnfsJSmCSVi3SsMJzJ3U0KHO-7_Z4Dyq9eehQ2XhN43swc0NW45Ieu71lv-RiHNqR_s-Lg9RnULVAyUhufvVLCQEnJ_ajOeo8nqrJ_nqtUqXncLJJqopHocvLwVyYEhpcxjPEl_0/w640-h614/ag%20m%20aug31.png" width="640" /></a></div><br />A net August decline of +$0.54 (8.2%) to $6.13. A ninth consecutive
settlement below the 10MA. I'd note the March 2020 low of $4.15... as
appears an eventuality, assuming the main market breaks lower.<br /><p></p><p></p><p></p><p></p><p></p><p></p><p>--<br />Of
the three, yours truly favours Newmont, as it has less exposure to
copper than Barrick. The bold will lean to the silver miners, but they
would be especially vulnerable if the main market breaks lower.<br /><br />As of end August 2023... I hold no miner stocks/options. </p><p>For more of the same...</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiRgSF9tcYXMItJo7wfz41bpxhiI0XITWjj6kh4pnBjtMujNszF2CQpS4XNrYEv4KoRQJccRqNBSxtfqJqTrNPp7UlCBsFnfHMTGSoD5d1wBCyUXkLn_ZgDL9Zd_IW1UyxvbAR73gz6c_NFEm6PWGmmn1AJOxbySJR4-ILVxoOjOOVK1P0Eb8uepy8tiIo/s630/nov15%2018items%20630x360.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="360" data-original-width="630" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiRgSF9tcYXMItJo7wfz41bpxhiI0XITWjj6kh4pnBjtMujNszF2CQpS4XNrYEv4KoRQJccRqNBSxtfqJqTrNPp7UlCBsFnfHMTGSoD5d1wBCyUXkLn_ZgDL9Zd_IW1UyxvbAR73gz6c_NFEm6PWGmmn1AJOxbySJR4-ILVxoOjOOVK1P0Eb8uepy8tiIo/s16000/nov15%2018items%20630x360.jpg" /></a></div><br />For details > <a href="https://www.tradingsunset.com">https://www.tradingsunset.com</a> <br /><p></p>Trading Sunsethttp://www.blogger.com/profile/13291647197167518399noreply@blogger.comtag:blogger.com,1999:blog-5576507827941457467.post-43627053622218015662023-07-31T23:27:00.000+01:002023-07-31T23:27:18.514+01:00Choppy miners<p>The gold miner ETF of GDX saw a
net July gain of +$1.30 (4.3%) to $31.41, helped by a positive main market, and upside in gold and silver. <br />
<br />
GDX, monthly</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgcB03Ykr_NOphw-lO2Q6OnCy9mRr5wtIAITShZFBN9Sbbrb6F3uplSG_gxSlh67JbhB6Xb14p-OZ3_wmDJoE_5aL9OyCbqUSFhqEsf4j4tZcbV1PBhTyHF-Kh3QyRv4aIZrFrZzNzbdknbKIku32xGKpqcntNcNHYtTGKv-R2kjEJsu8Fl_JxnPboLskw/s1240/gdx%20m%20jul31.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1240" height="620" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgcB03Ykr_NOphw-lO2Q6OnCy9mRr5wtIAITShZFBN9Sbbrb6F3uplSG_gxSlh67JbhB6Xb14p-OZ3_wmDJoE_5aL9OyCbqUSFhqEsf4j4tZcbV1PBhTyHF-Kh3QyRv4aIZrFrZzNzbdknbKIku32xGKpqcntNcNHYtTGKv-R2kjEJsu8Fl_JxnPboLskw/w640-h620/gdx%20m%20jul31.png" width="640" /></a></div><p><br /></p><p>Summary <br /></p><p>An intra month high of $32.92, but cooling back to settle at $31.41. I
would note the 10MA at $29.89, which was settled above. Monthly momentum ticked upward, and remains marginally positive. </p><p>The central concern should be that any renewed downside in the main market would be a downward pressure
on the miners. It doesn't necessarily mean they will be net lower, but
it does mean they would be restrained to a considerable degree, even if gold/silver are net higher. <br />--</p><p>Three of the key miners...<br />
<br />
Newmont (NEM), monthly </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiP7KXyoIfKkTcuDF3Xu03dFX96Tv7lewzoKICs8Omjql7NJdRDsous5vbaai7YLtazH1Ek59q_M__TI2S9kKzy6W52rBmJryWc3uXwpjiN6vqISzSFYHxKfnsSPZ94Qe8saYxMQEnj_timmUXk6G6USRCMhF30VDSvAcX8dwAvREQp1HkU0zuMWgODFg0/s1250/nem%20m%20jul31.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1250" height="614" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiP7KXyoIfKkTcuDF3Xu03dFX96Tv7lewzoKICs8Omjql7NJdRDsous5vbaai7YLtazH1Ek59q_M__TI2S9kKzy6W52rBmJryWc3uXwpjiN6vqISzSFYHxKfnsSPZ94Qe8saYxMQEnj_timmUXk6G6USRCMhF30VDSvAcX8dwAvREQp1HkU0zuMWgODFg0/w640-h614/nem%20m%20jul31.png" width="640" /></a></div><p>Newmont saw a net July gain of +$0.26 (0.6%) to $42.92, a distinctly weak performance relative to the sector. I
would note the monthly 10MA at $44.96, which was settled beneath. Monthly
momentum ticked upward, but remains negative. Support $36s, with major upside resistance of the $45s. <br />--<br />
<br />
Barrick Gold (GOLD), monthly</p><p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjEJ5TLm894W5tW0Fmh9EMplHMQzaa3WgvYnbo3BNWXpmjBgC8t753sNC7cis9rLr0ybAQPIP11MwX9D64adzEsngqXqT0O3FSbQX30cc3wj_FUJ_Gzto5ZsLK6O7mR3TJOQSoncZMZNxrPFMRq1eQxOCiRQp5lJWvcxTurccD7uI_11m_5AAcaCb_r6qo/s1250/gold%20m%20jul31.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1250" height="614" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjEJ5TLm894W5tW0Fmh9EMplHMQzaa3WgvYnbo3BNWXpmjBgC8t753sNC7cis9rLr0ybAQPIP11MwX9D64adzEsngqXqT0O3FSbQX30cc3wj_FUJ_Gzto5ZsLK6O7mR3TJOQSoncZMZNxrPFMRq1eQxOCiRQp5lJWvcxTurccD7uI_11m_5AAcaCb_r6qo/w640-h614/gold%20m%20jul31.png" width="640" /></a></div><br /><p></p><p>A net July gain of +$0.36 (2.1%) to $17.29. Momentum is flat-lining, on
the fractionally positive side. Support $12s, with upside resistance of
the mid $19s. <br />--</p><p></p><p></p><p></p><p></p><p></p><p>First Majestic Silver (AG), monthly</p><p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgKbRKYIjcZXKfyULFHTbC8UARw0Eolxfx33L0ejX0Nl2nJN4VDmz8OKQ-boeIIRzbUJ2EBYJJJjbvVzJHnvocdUJblXHQh9rpoeA9tTCowgd9qxaD2QJsDBe-HxevvbeQfHeTKa84geF8CxA_MZQ7C5jqSfoKWWjIlNAb9SMIdeL-R8qLLnpItglJPMv8/s1250/ag%20m%20jul31.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1250" height="614" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgKbRKYIjcZXKfyULFHTbC8UARw0Eolxfx33L0ejX0Nl2nJN4VDmz8OKQ-boeIIRzbUJ2EBYJJJjbvVzJHnvocdUJblXHQh9rpoeA9tTCowgd9qxaD2QJsDBe-HxevvbeQfHeTKa84geF8CxA_MZQ7C5jqSfoKWWjIlNAb9SMIdeL-R8qLLnpItglJPMv8/w640-h614/ag%20m%20jul31.png" width="640" /></a></div><br />A net July gain of +$1.03 (18.2%) to $6.68. A eighth consecutive
settlement below the 10MA. I'd note the March 2020 low of $4.15... as appears an eventuality, assuming the main market breaks lower.<br /><p></p><p></p><p></p><p></p><p></p><p>--<br />Of the three, yours truly favours Newmont, as it has less exposure to copper than Barrick. The bold will lean to the silver miners, but they would be especially vulnerable if the main market breaks lower.<br /><br />As of end July 2023... I hold no miner stocks/options. </p><p>For more of the same...<br /><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjm3WBpE-W8p98uD14Qqy6EIB6c-dYLtUAJ_mI-zrNadMIqw_Yq4RcAE7DC4yLC81xZ3kjsoKKHIFkwhW5cY-qNbQYFFu3FMeUk4lMr90ScCMMvSCdlncG6EpJ1HbtsLpkBFzU-ITpa_fyL9eKveM7vJkPPbHI8ep-kkFl1lIitgFgO1fm2KKTKgL1z-b4/s601/sunset%20schedule%20nov22.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="337" data-original-width="601" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjm3WBpE-W8p98uD14Qqy6EIB6c-dYLtUAJ_mI-zrNadMIqw_Yq4RcAE7DC4yLC81xZ3kjsoKKHIFkwhW5cY-qNbQYFFu3FMeUk4lMr90ScCMMvSCdlncG6EpJ1HbtsLpkBFzU-ITpa_fyL9eKveM7vJkPPbHI8ep-kkFl1lIitgFgO1fm2KKTKgL1z-b4/s16000/sunset%20schedule%20nov22.jpg" /></a></div><br />For details > <a href="https://www.tradingsunset.com">https://www.tradingsunset.com</a> <br /><p></p>Trading Sunsethttp://www.blogger.com/profile/13291647197167518399noreply@blogger.comtag:blogger.com,1999:blog-5576507827941457467.post-5358064831653084272023-06-30T22:11:00.000+01:002023-06-30T22:11:28.578+01:00Miners struggling<p>The gold miner ETF of GDX saw a
net June decline of -$0.80 (2.6%) to $30.11, largely due to a second month of downside in gold and silver. <br />
<br />
GDX, monthly</p><p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiCZayDeVs80fUIYRnfkLLjeBrv66h6pyjneeUbVVvnKtB6N5DJBx8rs6LrsrIPEq0w_lMu0QVLjhxOo6sermLJGzXY4dhaiYKuXzQSP7Uv5PH4ZEE6PqDuAtAhITVbCpCUKCsC8ZqUOoVeWKctp8sO4EwA_fU4js_Yc2mpYKeeUuoc1AyNZ4zxTz4xIDU/s1240/gdx%20m%20jun30.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1240" height="620" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiCZayDeVs80fUIYRnfkLLjeBrv66h6pyjneeUbVVvnKtB6N5DJBx8rs6LrsrIPEq0w_lMu0QVLjhxOo6sermLJGzXY4dhaiYKuXzQSP7Uv5PH4ZEE6PqDuAtAhITVbCpCUKCsC8ZqUOoVeWKctp8sO4EwA_fU4js_Yc2mpYKeeUuoc1AyNZ4zxTz4xIDU/w640-h620/gdx%20m%20jun30.png" width="640" /></a></div><br /><p></p><p>Summary <br /></p><p>An intra month high of $32.29, but swinging lower to $28.76, and settling at $30.11. I
would note the 10MA at $29.12, which was settled above. Monthly momentum ticked lower, but remains positive. </p><p>The central concern should be that any renewed downside in the main market would be a downward pressure
on the miners. It doesn't necessarily mean they will be net lower, but
it does mean they would be restrained to a considerable degree... even if gold/silver are net higher. <br />--</p><p>Three of the key miners...<br />
<br />
Newmont (NEM), monthly </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEheCc-bumAupaeBwvl1kNUd6Q0pWVgqLX9DYCWHtPIQfAaF5Ub2qICvNruxjv79B3sGbDXlVqmqmipuTXwuaY2SE_FUw56Z_OZEAj9l5pXRg-5mhFmVTtoaI-IBctwLUN6EYOakZn4VUMOn9H5kz4AMejvf7hjB3Rrlr8WkUCEJDJ2EoObMPgj0imuE1tc/s1250/nem%20m%20jun30.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1250" height="614" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEheCc-bumAupaeBwvl1kNUd6Q0pWVgqLX9DYCWHtPIQfAaF5Ub2qICvNruxjv79B3sGbDXlVqmqmipuTXwuaY2SE_FUw56Z_OZEAj9l5pXRg-5mhFmVTtoaI-IBctwLUN6EYOakZn4VUMOn9H5kz4AMejvf7hjB3Rrlr8WkUCEJDJ2EoObMPgj0imuE1tc/w640-h614/nem%20m%20jun30.png" width="640" /></a></div><p>Newmont saw a net June gain of +$2.11 (5.2%) to $42.66. I
would note the monthly 10MA at $44.74, which was settled beneath. Monthly
momentum ticked upward, but remains negative. Support $36s, with major upside resistance of the $45s. <br />--<br />
<br />
Barrick Gold (GOLD), monthly</p><p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgz9w0Oy1KYp5jpjVv9AlrITrgXPugc0DQGreRNrs7-hqMVQM4NBhFMbePa3y5IM3cc9F6vfR5xOmLaDagyMNomQ2GllyDonzLUhiipHsIwMitF-pGsdq60CYGeNTZv9u7TI7EApUMndZsA0uAVNoF-Z7sycNoiWYa9asCQBSVamsGmYDyVKc8056EbPho/s1250/gold%20m%20jun30.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1250" height="614" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgz9w0Oy1KYp5jpjVv9AlrITrgXPugc0DQGreRNrs7-hqMVQM4NBhFMbePa3y5IM3cc9F6vfR5xOmLaDagyMNomQ2GllyDonzLUhiipHsIwMitF-pGsdq60CYGeNTZv9u7TI7EApUMndZsA0uAVNoF-Z7sycNoiWYa9asCQBSVamsGmYDyVKc8056EbPho/w640-h614/gold%20m%20jun30.png" width="640" /></a></div><br /><p></p><p>A net June gain of +$0.05 (0.3%) to $16.93. May's bearish engulfing candle did play out, with a low of $15.85. Momentum is flat-lining, on the fractionally positive side. Support $12s, with upside resistance of the mid $19s. <br />--</p><p></p><p></p><p></p><p></p><p></p><p>First Majestic Silver (AG), monthly</p><p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjendAjMy5ayYiSWko1bUYc1fuiEJ-U8hABaugtwr2iQEyUCjbLnedL8foRzrr_3Fzq13oOrVgTQey-hPO16xz-Rm6EEtj1Iue3GqeyHFYVwsyFI_NgEhdKPOmbvLTMRa4VKUTdmaVG9mkY2sIBRyogmCAZPLuwktSNny95UFGcYNoAiwN7XuIR2Xo9hII/s1250/ag%20m%20jun30.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1250" height="614" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjendAjMy5ayYiSWko1bUYc1fuiEJ-U8hABaugtwr2iQEyUCjbLnedL8foRzrr_3Fzq13oOrVgTQey-hPO16xz-Rm6EEtj1Iue3GqeyHFYVwsyFI_NgEhdKPOmbvLTMRa4VKUTdmaVG9mkY2sIBRyogmCAZPLuwktSNny95UFGcYNoAiwN7XuIR2Xo9hII/w640-h614/ag%20m%20jun30.png" width="640" /></a></div><br /><p></p><p>A net June decline of -$0.12 (2.1%) to $5.65. The performance is
truly lousy, both to the sector and main market. A seventh consecutive
settlement below the 10MA. I'd note the March 2020 low of $4.15... as appears an eventuality. <br /></p><p></p><p></p><p></p><p></p><p>--<br />Of the three, yours truly favours Newmont, as it has less exposure to copper than Barrick. <br />As of end June 2023... I hold no miner stocks/options. </p><p>For more of the same...</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjD4t9a9Ko_OQd2GbRVskdP3P4hthLXFCKn9kdWsVUJbfKYIfP-SPZlOcZN58SCaQhEdCmZS8MSR2CKo4RDJIR4_ldLFwdQC5C5RZeNG8ZTMmfE6wR31CkWZfzsWfKot1fYhywabUGiIhNAF0gfqEl-VGVUzVbN_tL8u0hUQwtm3AHUbU3SPoDP5jLxjoA/s606/sunset%20goldsilver%20finalised.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="360" data-original-width="606" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjD4t9a9Ko_OQd2GbRVskdP3P4hthLXFCKn9kdWsVUJbfKYIfP-SPZlOcZN58SCaQhEdCmZS8MSR2CKo4RDJIR4_ldLFwdQC5C5RZeNG8ZTMmfE6wR31CkWZfzsWfKot1fYhywabUGiIhNAF0gfqEl-VGVUzVbN_tL8u0hUQwtm3AHUbU3SPoDP5jLxjoA/s16000/sunset%20goldsilver%20finalised.jpg" /></a></div><br /><p></p><p>For details and the latest offers > <a href="https://www.tradingsunset.com">https://www.tradingsunset.com</a> <br /></p>Trading Sunsethttp://www.blogger.com/profile/13291647197167518399noreply@blogger.comtag:blogger.com,1999:blog-5576507827941457467.post-81332340316126483372023-05-31T22:13:00.001+01:002023-05-31T22:13:44.469+01:00Miners cooling back<p>The gold miner ETF of GDX saw a
net May decline of -$2.67 (7.9%) to $30.91, largely due to downside in gold and silver. <br />
<br />
GDX, monthly</p><p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjGR94g3hiwYWTMhQ4ACvSjTjdfQ_YBc4izpuC7CeJgsVEYYe_eTl2h7Hzqwtp7QzDZ2TtKTvXJXFp8XulaCqvIriGjvrfrMB4D3pUPK79jR9rsx4G1tRNLDQ0_UGV68xsk6qGKLLZhwfTfLBgdZKDNYFpHI13YawrfB87aBJBaBEx3WhDpykrbKi7N/s1240/gdx%20m%20may31.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1240" height="620" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjGR94g3hiwYWTMhQ4ACvSjTjdfQ_YBc4izpuC7CeJgsVEYYe_eTl2h7Hzqwtp7QzDZ2TtKTvXJXFp8XulaCqvIriGjvrfrMB4D3pUPK79jR9rsx4G1tRNLDQ0_UGV68xsk6qGKLLZhwfTfLBgdZKDNYFpHI13YawrfB87aBJBaBEx3WhDpykrbKi7N/w640-h620/gdx%20m%20may31.png" width="640" /></a></div><br /><p></p><p>Summary <br /></p><p>A new multi-month high of $36.26, but swinging lower to $30.11, and settling at $30.91. I
would note the 10MA at $28.45, which was settled above. Monthly momentum ticked lower, but remains positive. </p><p>The central concern should be that any renewed downside in the main market would be a downward pressure
on the miners. It doesn't necessarily mean they will be net lower, but
it does mean they would be restrained to a considerable degree... even if gold/silver are net higher. <br />--</p><p>Three of the key miners...<br />
<br />
Newmont (NEM), monthly </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEglq6FFwhu9ealmqqmRzESwa34s33HznkWUh0iRD1o8OW8QkWa2Ag8LPeOwxNWjPxw8UFAJmNRCqEI-iwlrF6ocq1nBGm5jpxItDHoafD_PWVx5sDAmBIP526jfw37lJ15H3zSABEOkPRsprzPVWMLvD2J_AiG_wtMUiaqK0ha3cGMUr5yHQIKiklia/s1250/nem%20m%20may31.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1250" height="614" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEglq6FFwhu9ealmqqmRzESwa34s33HznkWUh0iRD1o8OW8QkWa2Ag8LPeOwxNWjPxw8UFAJmNRCqEI-iwlrF6ocq1nBGm5jpxItDHoafD_PWVx5sDAmBIP526jfw37lJ15H3zSABEOkPRsprzPVWMLvD2J_AiG_wtMUiaqK0ha3cGMUr5yHQIKiklia/w640-h614/nem%20m%20may31.png" width="640" /></a></div><p>Newmont saw a net May decline of -$6.38 (13.6%) to $40.55. I
would note the monthly 10MA at $44.43, which was settled beneath. Monthly
momentum ticked back downward, and remains negative. Support $36s, and then the March 2020 $29s. <br />--<br />
<br />
Barrick Gold (GOLD), monthly</p><p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjaCO9fGp8kQ-txbjsrkDZXFZip_GG388wucYk78uahOjXORckqISqeNg5YPZA09PCUmmAYbDbNU4LkBRnuzwX8x2Y9ZdFpDCCE_xwI6XBDEh_YFHdar2177r0eKFMaIBUl2GERfdzikGy8dqBfxTB74pQlUTKhOu954reawt6aYm5t3Y3o7GT_MGlI/s1250/gold%20m%20may31.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1250" height="614" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjaCO9fGp8kQ-txbjsrkDZXFZip_GG388wucYk78uahOjXORckqISqeNg5YPZA09PCUmmAYbDbNU4LkBRnuzwX8x2Y9ZdFpDCCE_xwI6XBDEh_YFHdar2177r0eKFMaIBUl2GERfdzikGy8dqBfxTB74pQlUTKhOu954reawt6aYm5t3Y3o7GT_MGlI/w640-h614/gold%20m%20may31.png" width="640" /></a></div><br />A net May decline of -$2.05 (10.8%) to $16.88. I'd note
the May candle is bearish engulfing, and suggestive of lower lows in June. Momentum ticked back lower, and will be prone to turning negative in June. Support $12s, and then the March 2020 low of $11.72. <br />--<p></p><p></p><p></p><p></p><p></p><p>First Majestic Silver (AG), monthly</p><p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEin55lZLFMRRG9Rt6IiliG2BZAg_pricUr3_5TGVs4ydi9Xzl_v8trO4Ie5LqsPjPGAmvYQ4tOvRtmUJC2hrhiV2LZ7bCPH6J9zLlqfZ9HPfYrYbCpoSH8HZaZec2_801OJ8_jBGa0C6j-bllAD0U6M1p1BJFZg7jma3901IhXXFgdVRLGz663FTy6x/s1250/ag%20m%20may31.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1250" height="614" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEin55lZLFMRRG9Rt6IiliG2BZAg_pricUr3_5TGVs4ydi9Xzl_v8trO4Ie5LqsPjPGAmvYQ4tOvRtmUJC2hrhiV2LZ7bCPH6J9zLlqfZ9HPfYrYbCpoSH8HZaZec2_801OJ8_jBGa0C6j-bllAD0U6M1p1BJFZg7jma3901IhXXFgdVRLGz663FTy6x/w640-h614/ag%20m%20may31.png" width="640" /></a></div><br />A net May decline of +$1.28 (18.2%) to $5.77. The performance is
truly lousy, both to the sector and main market. A sixth consecutive
settlement below the 10MA. I'd note the March 2020 low of $4.15... as appears an eventuality. <br /><p></p><p></p><p></p><p></p><p>--<br />Of the three, yours truly favours Newmont, as it has less exposure to copper than Barrick. <br />As of end May 2023... I hold no miner stocks/options. </p><p>For more of the same...<br /><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgIfygUNwm3jVdyqvfixDaueR8a1x3v_yCybhxhsCWjWPq7VtTQGshMnTz-Wy67SnGGH9MFWy_9s8Qi6LnP5uuQMgogVvzW8gNIFB67JfdWAUAiY_j4pHw3S9rFqyJUTtQQVbJdoumnsq4cN-MXcfwHWIyfhbCL-xSGcIxv7uHr3VyNern9eDT-z0fE/s601/sunset%20schedule%20nov22.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="337" data-original-width="601" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgIfygUNwm3jVdyqvfixDaueR8a1x3v_yCybhxhsCWjWPq7VtTQGshMnTz-Wy67SnGGH9MFWy_9s8Qi6LnP5uuQMgogVvzW8gNIFB67JfdWAUAiY_j4pHw3S9rFqyJUTtQQVbJdoumnsq4cN-MXcfwHWIyfhbCL-xSGcIxv7uHr3VyNern9eDT-z0fE/s16000/sunset%20schedule%20nov22.jpg" /></a></div><br />For details and the latest offers > <a href="https://www.tradingsunset.com">https://www.tradingsunset.com</a> <br /><p></p>Trading Sunsethttp://www.blogger.com/profile/13291647197167518399noreply@blogger.comtag:blogger.com,1999:blog-5576507827941457467.post-54935821930140009662023-04-28T21:56:00.001+01:002023-04-28T21:56:28.803+01:00Miners digging upward<p>The gold miner ETF of GDX saw a
net April gain of +$1.23 (3.8%) to $33.58, largely due to further upside in gold and silver. <br />
<br />
GDX, monthly</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgAeXMi2iYzZoBnCHAQSn7xj0DC_kag2383PzRe_KvyypKV7u7X_OoATrFCBYEgRyIV1w6d2hnl4JyERfsyovKVAH8LUUZEbRpHs-IRKKGdOY5cUAH0SZc8HvvNROuRbVXoiKlGkaOy5ACnzFxPU15u36s913ToohMvRNzliBJb__YPRUZD_S9FBKC9/s1240/gdx%20m%20apr28.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1240" height="620" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgAeXMi2iYzZoBnCHAQSn7xj0DC_kag2383PzRe_KvyypKV7u7X_OoATrFCBYEgRyIV1w6d2hnl4JyERfsyovKVAH8LUUZEbRpHs-IRKKGdOY5cUAH0SZc8HvvNROuRbVXoiKlGkaOy5ACnzFxPU15u36s913ToohMvRNzliBJb__YPRUZD_S9FBKC9/w640-h620/gdx%20m%20apr28.png" width="640" /></a></div><br /><p></p><p>Summary <br /></p><p>The collective of gold/silver miners climbed for the seventh month of eight. I
would note the 10MA at $27.94, which was once again settled above. Monthly momentum is increasingly positive. </p><p>The only concern is that any renewed downside in the main market would be a downward pressure
on the miners. It doesn't necessarily mean they will be net lower, but
it does mean they would be restrained to a considerable degree... even if gold/silver are net higher. <br />--</p><p>Three of the key miners...<br />
<br />
Newmont (NEM), monthly </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhscdLEYcuoJYzixBcDQ4NmJHkFBHXhArUmRF6WtawTILD6pYjD5DJ3ItP0t8qEnzrN0Ky42MoMHh-0_kEjxTcyH6cnRlO-IkKoh3Y4Uu-PG4e220gav-8G-xqhqIgkE3pr9vqNbSh2RW6X2dT1bPtahDGhZyOYI2vobwpJD5grY4T0dVqmGdnEcvsG/s1250/nem%20m%20apr28.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1250" height="614" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhscdLEYcuoJYzixBcDQ4NmJHkFBHXhArUmRF6WtawTILD6pYjD5DJ3ItP0t8qEnzrN0Ky42MoMHh-0_kEjxTcyH6cnRlO-IkKoh3Y4Uu-PG4e220gav-8G-xqhqIgkE3pr9vqNbSh2RW6X2dT1bPtahDGhZyOYI2vobwpJD5grY4T0dVqmGdnEcvsG/w640-h614/nem%20m%20apr28.png" width="640" /></a></div><p>Newmont saw a net April decline of -$1.62 (3.3%) to $47.40. I
would note the monthly 10MA at $45.16, which was settled above. Monthly
momentum ticked upward, but remains negative.<br />--<br />
<br />
Barrick Gold (GOLD), monthly</p><p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEinjWZJZiLq4D_ZPXy3b21vqihOzATh40yiYpTCLQVpFhwwn04OqD-qwZ_BKJk4dZumUnC2TM8T6_zhe4JlW_PdB1WAkgAFZCNW0mz8gLw9UbQKp-yHcUhG7_QNYzHXl09aw0GRTd4t7CiIcm-F-WJoQyzh06yNNfFmd69f12GlNeK7WaqRxvkob_hw/s1250/gold%20m%20apr28.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1250" height="614" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEinjWZJZiLq4D_ZPXy3b21vqihOzATh40yiYpTCLQVpFhwwn04OqD-qwZ_BKJk4dZumUnC2TM8T6_zhe4JlW_PdB1WAkgAFZCNW0mz8gLw9UbQKp-yHcUhG7_QNYzHXl09aw0GRTd4t7CiIcm-F-WJoQyzh06yNNfFmd69f12GlNeK7WaqRxvkob_hw/w640-h614/gold%20m%20apr28.png" width="640" /></a></div><br /><p></p><p>A net April gain of +$0.47 (2.5%) to $19.04. I'd note
the April candle is spiky on the upper side from key price threshold. Momentum has turned fractionally positive.<br />--</p><p></p><p></p><p></p><p></p><p>First Majestic Silver (AG), monthly</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi_80UvfBf8nKYdmfPoNqo6KfYwon65jxttrQckBPhSo-guaNmnxhNHOhNEa6inoO73vOCSLvjbkSliVGF2006eRU_UckSkY4gVMTR3U3wwLuVyEBCJomjOgBhZ-bNwjpAxuornDR1tvE0J5SQekEBxwIY47tkncmOsbQjyHdY3Ny3yhme8SSIbH9rR/s1250/ag%20m%20apr28.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1250" height="614" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi_80UvfBf8nKYdmfPoNqo6KfYwon65jxttrQckBPhSo-guaNmnxhNHOhNEa6inoO73vOCSLvjbkSliVGF2006eRU_UckSkY4gVMTR3U3wwLuVyEBCJomjOgBhZ-bNwjpAxuornDR1tvE0J5SQekEBxwIY47tkncmOsbQjyHdY3Ny3yhme8SSIbH9rR/w640-h614/ag%20m%20apr28.png" width="640" /></a></div><p>A net April decline of +$0.15 (2.1%) to $7.06. The performance is lousy, relative to both the sector and main market. A fifth consecutive
settlement below the 10MA.<br /></p><p></p><p></p><p></p><p>--<br />Of the three, yours truly favours Newmont, as it has less exposure to copper than Barrick. <br />As of end April 2023... I hold no miner stocks/options. </p><p>For more of the same...</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhxNRzMcn_ncw2M0smySbr6fZPXfCsriZksJUTITKHBQM9V-Hs6WCkHQ83839cXfY0veN_6wjcNji2fDc2wmnv6zpPyw-ofLk6fxlXKmjQGVydfmkYQUJi9rxfmCnEaCl7CFOAdlOLgaKknr9EyvyUc4Tn_K-Q8ULiv0QVku_JCP7Rh90eIH6eMwbRm/s600/nov15%2012items%20text2.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="290" data-original-width="600" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhxNRzMcn_ncw2M0smySbr6fZPXfCsriZksJUTITKHBQM9V-Hs6WCkHQ83839cXfY0veN_6wjcNji2fDc2wmnv6zpPyw-ofLk6fxlXKmjQGVydfmkYQUJi9rxfmCnEaCl7CFOAdlOLgaKknr9EyvyUc4Tn_K-Q8ULiv0QVku_JCP7Rh90eIH6eMwbRm/s16000/nov15%2012items%20text2.jpg" /></a></div><br />For details and the latest offers > <a href="https://www.tradingsunset.com">https://www.tradingsunset.com</a> <br /><p></p>Trading Sunsethttp://www.blogger.com/profile/13291647197167518399noreply@blogger.comtag:blogger.com,1999:blog-5576507827941457467.post-48142349154610891272023-03-31T22:21:00.003+01:002023-03-31T22:21:50.012+01:00Miners higher with Gold & Silver<p>The gold miner ETF of GDX saw a
net March gain of +$4.84 (17.6%) to $32.35, largely due to a major upside reversal in gold and silver. <br />
<br />
GDX, monthly</p><p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhgleDrVoQJWCOxaWA3D0GK2heUHzzPq55SzrbTwXjSeBMgsp4fTPhA-CUjFY9bs3Rb2X5FjDf00sm08rCi2jOtL19oyU3JXEDTVC8e2a_E6JKqDxDCcGwqqdO-w2Jt5Bo37_Zxp2232NOabdfE2b8O9UT2Kds7CfRY4MJ-L6aw5Q9H4-aJmazSoK4k/s1240/gdx%20m%20mar31.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1240" height="620" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhgleDrVoQJWCOxaWA3D0GK2heUHzzPq55SzrbTwXjSeBMgsp4fTPhA-CUjFY9bs3Rb2X5FjDf00sm08rCi2jOtL19oyU3JXEDTVC8e2a_E6JKqDxDCcGwqqdO-w2Jt5Bo37_Zxp2232NOabdfE2b8O9UT2Kds7CfRY4MJ-L6aw5Q9H4-aJmazSoK4k/w640-h620/gdx%20m%20mar31.png" width="640" /></a></div><br /><p></p><p>Summary <br /></p><p>The collective of gold/silver miners climbed for the sixth month of seven. I
would note the 10MA at $27.27, which was decisively settled above. Monthly momentum has turned positive. </p><p>Any renewed downside in the main market will be a downward pressure
on the miners. It doesn't necessarily mean they will be net lower, but
it does mean they would be restrained to a considerable degree... even if gold/silver are net higher. <br />--</p><p>Three of the key miners...<br />
<br />
Newmont (NEM), monthly </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjFykygiKzFQQlUjh4CwwjDGq5qmz3qJUOlfU7nNep41RnfY4YaLle59Z-1bmthgxqVIDUHtAirzab0mHvAN73qPUmetfgbvKcbmoJQpFVrup8VHk9pRD4WiL6EG0nDAaRV4qDXEslPyErt9JmjpdRCD5PGNGYzxtQoPydGVjhV79QqL2sHFFIRytKt/s1250/nem%20m%20mar31.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1250" height="614" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjFykygiKzFQQlUjh4CwwjDGq5qmz3qJUOlfU7nNep41RnfY4YaLle59Z-1bmthgxqVIDUHtAirzab0mHvAN73qPUmetfgbvKcbmoJQpFVrup8VHk9pRD4WiL6EG0nDAaRV4qDXEslPyErt9JmjpdRCD5PGNGYzxtQoPydGVjhV79QqL2sHFFIRytKt/w640-h614/nem%20m%20mar31.png" width="640" /></a></div><p>Newmont saw a net March gain of +$5.82 (13.5%) to $49.02. I
would note the monthly 10MA at $46.18, which was settled above. Monthly
momentum ticked upward, but remains negative.<br />--<br />
<br />
Barrick Gold (GOLD), monthly</p><p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhZc9P9K713jo0SZFGTPwwr2Ht0jmN5uwI2yKLv1wOBKEEzx_dSiez77pBgId-M1fUMDRqCcWaUHqI30mHab0Q43sd_EiXSqt18nuUTHeY1crWPJqsaJqWOEHCa5SphWUXetvFa2k_-EoZhhayyJjpgGzodGb-TlJ-vC-VzIur1iPBd8aEmn1Lqmhdm/s1250/gold%20m%20mar31.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1250" height="614" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhZc9P9K713jo0SZFGTPwwr2Ht0jmN5uwI2yKLv1wOBKEEzx_dSiez77pBgId-M1fUMDRqCcWaUHqI30mHab0Q43sd_EiXSqt18nuUTHeY1crWPJqsaJqWOEHCa5SphWUXetvFa2k_-EoZhhayyJjpgGzodGb-TlJ-vC-VzIur1iPBd8aEmn1Lqmhdm/w640-h614/gold%20m%20mar31.png" width="640" /></a></div><br />A net March gain of +$2.45 (15.2%) to $18.57. I'd especially note
the upside reversal is from around the key 10MA. Momentum ticked upward, and is due to turn positive as of April 3rd. <br />--<p></p><p></p><p></p><p></p><p>First Majestic Silver (AG), monthly</p><p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjTH1u4FEo68_5QRQE6SWt5VsKG4KDpZ5-CspfAB2jDVaIMPFRV_iuwdztiOGorWIk4EJyjkDd_CXYOky2LCeQ66XWyhNI_6jjYeA3a5XDlNWMNugr7RVLRcKN49v3VPUzyGfAjQsBeOMHLzEdS5UfhhIv8yUmChd1gZlqcNDa85cwiZYofb49PpndO/s1250/ag%20m%20mar31.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1250" height="614" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjTH1u4FEo68_5QRQE6SWt5VsKG4KDpZ5-CspfAB2jDVaIMPFRV_iuwdztiOGorWIk4EJyjkDd_CXYOky2LCeQ66XWyhNI_6jjYeA3a5XDlNWMNugr7RVLRcKN49v3VPUzyGfAjQsBeOMHLzEdS5UfhhIv8yUmChd1gZlqcNDa85cwiZYofb49PpndO/w640-h614/ag%20m%20mar31.png" width="640" /></a></div><br />A net March gain of +$1.12 (18.3%) to $7.21. The gain is impressive, considering the drop to $5.53 on news of a mine being closed. A fourth consecutive
settlement below the 10MA.<br /><p></p><p></p><p></p>--<br />Of the three, yours truly favours Newmont, as it has less exposure to copper than Barrick. <br />As of end March 2023... I hold no miner stocks/options. <br /><p>For more of the same...<br /><br /></p><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjcPkxh51y9p9iLHSWqqCWwbIbnKbwKA49qxK2aS5uiZIJcakR711FE1HYhaQhwcjNxsHPzlB8QGunrG93wR9GEc9t0-F_yo4RAJJb_Ad3-E_r4Zqnc_7qeeZDOB0OsaGeYxSgUxhLzTSl_2cpsu1JPvEAbhDZ-RnOzQe4uJN9O9-pXC27QbCwwTpcx/s606/sunset%20goldsilver%20finalised.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="360" data-original-width="606" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjcPkxh51y9p9iLHSWqqCWwbIbnKbwKA49qxK2aS5uiZIJcakR711FE1HYhaQhwcjNxsHPzlB8QGunrG93wR9GEc9t0-F_yo4RAJJb_Ad3-E_r4Zqnc_7qeeZDOB0OsaGeYxSgUxhLzTSl_2cpsu1JPvEAbhDZ-RnOzQe4uJN9O9-pXC27QbCwwTpcx/s16000/sunset%20goldsilver%20finalised.jpg" /></a></div><br /><p></p><p>For details and the latest offers > <a href="https://www.tradingsunset.com">https://www.tradingsunset.com</a> <br /></p>Trading Sunsethttp://www.blogger.com/profile/13291647197167518399noreply@blogger.comtag:blogger.com,1999:blog-5576507827941457467.post-26223524272011467792023-02-28T21:52:00.001+00:002023-02-28T21:52:51.573+00:00Miners digging lower<p>The gold miner ETF of GDX saw a
net February decline of -$4.51 (14.1%) to $27.51, largely impacted by a major downside reversal in gold and silver. <br />
<br />
GDX, monthly</p><p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjRpCOHOz_BeRDn617K1ctIvw6Oy_KO0_SuKCCo4hvUo7oQoYEfjde4O3iljA8ksBSR_K-1-tjVFqWOGariYx_7YKOiSnqc4N1INrN4j4lEKHDBH3oBbskOy16dDM5PbV6pOd3b9SYUitCjVt26nqPjdJnZ7g73i_RBLmfxzSOid5n-em-o_EH5ASON/s1240/gdx%20m%20feb28.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1240" height="620" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjRpCOHOz_BeRDn617K1ctIvw6Oy_KO0_SuKCCo4hvUo7oQoYEfjde4O3iljA8ksBSR_K-1-tjVFqWOGariYx_7YKOiSnqc4N1INrN4j4lEKHDBH3oBbskOy16dDM5PbV6pOd3b9SYUitCjVt26nqPjdJnZ7g73i_RBLmfxzSOid5n-em-o_EH5ASON/w640-h620/gdx%20m%20feb28.png" width="640" /></a></div><br /><p></p><p>Summary <br /></p><p>The collective of gold/silver miners fell for the time in six months. I
would note the 10MA at $27.16, which was marginally settled above. </p><p>Any further downside in the main market will be a downward pressure
on the miners. It doesn't necessarily mean they will be net lower, but
it does mean they would be restrained to a considerable degree... even if gold/silver are net higher. <br />--</p><p>Three of the key miners...<br />
<br />
Newmont (NEM), monthly </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhptfPp2X3LaoGjh5I5xYpzdl_Em5SNN3YHJ9ZIurg5y2ab3F_dMj4Zv_t5_sInt6PFUlpyjICJTUitnVgiX_r_NwCDpKRl8Ol4nNE8-6xYxvwP1lMGTThaKPXHN9pWw890GyGBWDgLZ39yM4g4QrB9WwWI229qAC4KkJnLR1Rbp-cI7bCH4toTUywc/s1250/nem%20m%20feb28.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1250" height="614" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhptfPp2X3LaoGjh5I5xYpzdl_Em5SNN3YHJ9ZIurg5y2ab3F_dMj4Zv_t5_sInt6PFUlpyjICJTUitnVgiX_r_NwCDpKRl8Ol4nNE8-6xYxvwP1lMGTThaKPXHN9pWw890GyGBWDgLZ39yM4g4QrB9WwWI229qAC4KkJnLR1Rbp-cI7bCH4toTUywc/w640-h614/nem%20m%20feb28.png" width="640" /></a></div><p>Newmont saw a net February decline of -$9.32 (17.6%) to $43.61. I
would note the monthly 10MA in the $48s, which was settled back below. Monthly
momentum remains negative, and I'd note the March 2020 spike low
of $30.11. <br />--<br />
<br />
Barrick Gold (GOLD), monthly</p><p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEju6h7sniD1jdmAX7dqRV-qbfvRq2poelyeGTAEamNQnT9kPxUpx3-jA3g1h8-wC7idmp9KPeCxODNRfLT46qIz1YKb7N2ApsdDS65OR86lqhjagaWMzxdPJnkP1H73xNSRHHunHi69ijis_96WOP_iEsJm5KcyFGub03r78gbL2nxsaKwKa7tVy0Qs/s1250/gold%20m%20feb28.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1250" height="614" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEju6h7sniD1jdmAX7dqRV-qbfvRq2poelyeGTAEamNQnT9kPxUpx3-jA3g1h8-wC7idmp9KPeCxODNRfLT46qIz1YKb7N2ApsdDS65OR86lqhjagaWMzxdPJnkP1H73xNSRHHunHi69ijis_96WOP_iEsJm5KcyFGub03r78gbL2nxsaKwKa7tVy0Qs/w640-h614/gold%20m%20feb28.png" width="640" /></a></div><br />A net February decline of -$3.31 (17.0%) to $16.12. I'd especially note the reversal is from around key price threshold. Momentum has stalled just under the key zero threshold. Next support are the 13/12s.<br />--<p></p><p></p><p></p><p>First Majestic Silver (AG), monthly</p><p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhW46iz408s8vkKV2m65IvZnx7AGkmZFCGwC6qzWw8yfrtErOMIh2yTCR8OFZWWq6NydWoVSnLmqSNCd3NdAHQyWK9k0D0qNDYNaagP9JtLRZ3q6ISDSKoU34Uvz2Bv3ob0OeUSHP-QOn-DJ2Hr5Vll5oRWQ4VvyxM1SYuMyw1tRL56nbI2aCOmvksK/s1250/ag%20m%20feb28.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1250" height="614" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhW46iz408s8vkKV2m65IvZnx7AGkmZFCGwC6qzWw8yfrtErOMIh2yTCR8OFZWWq6NydWoVSnLmqSNCd3NdAHQyWK9k0D0qNDYNaagP9JtLRZ3q6ISDSKoU34Uvz2Bv3ob0OeUSHP-QOn-DJ2Hr5Vll5oRWQ4VvyxM1SYuMyw1tRL56nbI2aCOmvksK/w640-h614/ag%20m%20feb28.png" width="640" /></a></div><br />A net February decline of -$1.79 (22.7%) to $6.10. A third consecutive
settlement below the 10MA, as the silver miners are massively
under-performing the gold miners. The March 2020 low of $4.15 doesn't look a stretch by mid year. <br /><p></p><p></p>--<br />Of the three, yours truly favours GOLD. <br />As of end February 2023... I hold no miner stocks/options. <br /><p>For more of the same...</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiC0WeVnxKcL5nbAZ_nowl33NAfSntUA8CpcHL0Q2Vb5vdirwLpGcv8c4nEbZUn7VClmIeXIPLpRoiCPa0wZZILB_PZZIZg3K-iM8sVtsPDGJZl5v6OBCA8mGfVm79daqWi7tO_RrzwoXeLoyZUJY7--cja4PfayaJ2UxQfKrnUS_jVWUWOgDzoBc82/s600/nov15%2012items%20text2.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="290" data-original-width="600" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiC0WeVnxKcL5nbAZ_nowl33NAfSntUA8CpcHL0Q2Vb5vdirwLpGcv8c4nEbZUn7VClmIeXIPLpRoiCPa0wZZILB_PZZIZg3K-iM8sVtsPDGJZl5v6OBCA8mGfVm79daqWi7tO_RrzwoXeLoyZUJY7--cja4PfayaJ2UxQfKrnUS_jVWUWOgDzoBc82/s16000/nov15%2012items%20text2.jpg" /></a></div><br /><p></p><p>For details and the latest offers > <a href="https://www.tradingsunset.com">https://www.tradingsunset.com</a> <br /></p>Trading Sunsethttp://www.blogger.com/profile/13291647197167518399noreply@blogger.comtag:blogger.com,1999:blog-5576507827941457467.post-23330649453001595082023-01-31T21:56:00.000+00:002023-01-31T21:56:00.498+00:00Miners powerfully higher<p>The gold miner ETF of GDX saw a
net January gain of +$3.36 (11.7%) to $32.02, especially helped with Gold printing the $1950s. <br />
<br />
GDX, monthly</p><p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjGZhqnCV7SrRF0k7invQaOO5LS5y16vnhJbJ1gHcyU_vV0G6aveoYHfh_Bfhe0rSIOp74EXk7pAYEOhfC6mlCIsnSKIA2_wsYVHsUCRVMnpNt2LoHFOZIUsVeWp2JuF2EDHyRKyXkiR0kgSPNfQ0wB7g_-fdhUZt40vArFcl7DtGy8XkVIRcdgNgrp/s1240/gdx%20m%20jan31.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1240" height="620" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjGZhqnCV7SrRF0k7invQaOO5LS5y16vnhJbJ1gHcyU_vV0G6aveoYHfh_Bfhe0rSIOp74EXk7pAYEOhfC6mlCIsnSKIA2_wsYVHsUCRVMnpNt2LoHFOZIUsVeWp2JuF2EDHyRKyXkiR0kgSPNfQ0wB7g_-fdhUZt40vArFcl7DtGy8XkVIRcdgNgrp/w640-h620/gdx%20m%20jan31.png" width="640" /></a></div><br /><p></p><p>Summary <br /></p><p>The collective of gold/silver miners climbed for a fifth consecutive month. I
would note the 10MA at $27.85, which was decisively settled above. </p><p>Whilst the miners outperformed the main market, unless you believe the main market has a key
m/t floor from early Oct' 2022, any renewed downside will be a major downward pressure
on the miners. It doesn't necessarily mean they will be net lower, but
it does mean they would be restrained to a considerable degree.<br />--</p><p>Three of the key miners...<br />
<br />
Newmont (NEM), monthly </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhZpr4ZMZcXdsq6YjlRvgfCyd9myThsuAdNUgDyDAIvKuKp63wrpo_GjXNbVytBTvhQnNrf4vbUvNGRHDSjWL5lTH41rg3JToOS8Gycm6BAddWXzoVBofIkGuylFIS8sBS-4uMkZ_Uw7VEIYuLRPz75HCcPbJ_6Q6GBVY9GxYWIp0U3ruP7mpFzPVnC/s1250/nem%20m%20jan31.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1250" height="614" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhZpr4ZMZcXdsq6YjlRvgfCyd9myThsuAdNUgDyDAIvKuKp63wrpo_GjXNbVytBTvhQnNrf4vbUvNGRHDSjWL5lTH41rg3JToOS8Gycm6BAddWXzoVBofIkGuylFIS8sBS-4uMkZ_Uw7VEIYuLRPz75HCcPbJ_6Q6GBVY9GxYWIp0U3ruP7mpFzPVnC/w640-h614/nem%20m%20jan31.png" width="640" /></a></div><p>Newmont saw a net January gain of +$5.73 (12.1%) to $52.93. I
would note the monthly 10MA in the $50s, which was settled above for the first time since May 2022. Monthly
momentum remains negative, and I'd note the March 2020 spike low
of $30.11. <br />--<br />
<br />
Barrick Gold (GOLD), monthly</p><p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEih475ZvW_DHOmcRQwZ6rQpwUo0jFw3NN36n6U2_lzMXXd5dAP1GprfJxgB3mHpXsHe5lTpSJ24e6NSvkpYFQV7GPNh2zgsJsJfRxtvsxPXr-aInujuwcH-cwhK70jRH7GWojWZ_QHTEkqg4aCLDArW3ekpLKRrYH5rGkgJXSgqA5F9jXO-sxn7svpC/s1250/gold%20m%20jan31.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1250" height="614" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEih475ZvW_DHOmcRQwZ6rQpwUo0jFw3NN36n6U2_lzMXXd5dAP1GprfJxgB3mHpXsHe5lTpSJ24e6NSvkpYFQV7GPNh2zgsJsJfRxtvsxPXr-aInujuwcH-cwhK70jRH7GWojWZ_QHTEkqg4aCLDArW3ekpLKRrYH5rGkgJXSgqA5F9jXO-sxn7svpC/w640-h614/gold%20m%20jan31.png" width="640" /></a></div><br />A net January gain of +$2.37 (13.8%) to $19.55. Momentum is due to positive at the Feb'1st open. Next resistance is around $21.00. <br />--<p></p><p></p><p>First Majestic Silver (AG), monthly</p><p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiokZE318IjJLPHGIzJ6mCudSvlrEf4m3kGQZsBpcMc7wNLSZSD4rckHExxCesFS0cn1x-KNetBivlheOsCmv66ngMLrms7L4MevARZB6X7XcPREgur8CW8n5LRYNNBTTjB3WWnumxeI0FIijPsB6A3wh11EuFU3CBYTuFtSdkG1jrrbrcIaK4kAEWQ/s1250/AG%20m%20jan31.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1250" height="614" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiokZE318IjJLPHGIzJ6mCudSvlrEf4m3kGQZsBpcMc7wNLSZSD4rckHExxCesFS0cn1x-KNetBivlheOsCmv66ngMLrms7L4MevARZB6X7XcPREgur8CW8n5LRYNNBTTjB3WWnumxeI0FIijPsB6A3wh11EuFU3CBYTuFtSdkG1jrrbrcIaK4kAEWQ/w640-h614/AG%20m%20jan31.png" width="640" /></a></div><br />A net January decline of -$0.45 (5.4%) to $7.89. A second consecutive settlement below the 10MA, as the silver miners are massively under-performing the gold miners. <br /><p></p>--<br />Of the three, yours truly favours GOLD. <br />As of end January 2023... I hold no miner stocks/options.<br /><p>For more of the same...</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEie57ij4agnU75EGjWRmSSaMzbtimDwfMnF4kop8oLn7aLJ7W0YGK8csN1OwSJOrUT8EqFDW9fWKs309_-AVgs_QEc4Kxm0NaoGhxDTWmcmj8P7F4lgzswpT9dxGmq-NcpmtaN3NeE1GrWTdhtkVl7HisJnTvieVyyxjNjDHpjzzbu_wYMg4sXOdpif/s606/sunset%20goldsilver%20finalised.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="360" data-original-width="606" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEie57ij4agnU75EGjWRmSSaMzbtimDwfMnF4kop8oLn7aLJ7W0YGK8csN1OwSJOrUT8EqFDW9fWKs309_-AVgs_QEc4Kxm0NaoGhxDTWmcmj8P7F4lgzswpT9dxGmq-NcpmtaN3NeE1GrWTdhtkVl7HisJnTvieVyyxjNjDHpjzzbu_wYMg4sXOdpif/s16000/sunset%20goldsilver%20finalised.jpg" /></a></div><p>For details and the latest offers > <a href="https://www.tradingsunset.com">https://www.tradingsunset.com</a> <br /></p>Trading Sunsethttp://www.blogger.com/profile/13291647197167518399noreply@blogger.comtag:blogger.com,1999:blog-5576507827941457467.post-20220300766286118782022-12-31T17:39:00.005+00:002022-12-31T17:39:44.429+00:00Net 2022 declines for the miners<p>The gold miner ETF of GDX saw a
net December gain of +$0.09 (3.0%) to $28.66, which made for a net 2022 decline -$2.84 (9.0%). <br />
<br />
GDX, monthly</p><p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjyyzlgBhXN5n00ax27iIrjlE6yZwSJcn0KBccjoFbR5lGcuFDk8zwZlkrskLXVh-C3zsuC8iyyiOyQEOIobsw0o2Yp-2EcV3F4FhOr6fjMAn2D4YczZ1lHrUyL3dCIMz8uQsYdiimw3pxq1UlHZmWOcXREpzg06EXXkBHdB0_008ndTyaHtLbpogkp/s1240/gdx%20m%20dec30.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1240" height="620" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjyyzlgBhXN5n00ax27iIrjlE6yZwSJcn0KBccjoFbR5lGcuFDk8zwZlkrskLXVh-C3zsuC8iyyiOyQEOIobsw0o2Yp-2EcV3F4FhOr6fjMAn2D4YczZ1lHrUyL3dCIMz8uQsYdiimw3pxq1UlHZmWOcXREpzg06EXXkBHdB0_008ndTyaHtLbpogkp/w640-h620/gdx%20m%20dec30.png" width="640" /></a></div><br /><p></p><p>Summary <br /></p><p>The collective of miners climbed for a fourth consecutive month. The December candle is black, and is suggestive of s/t bullish exhaustion. I
would note the 10MA at $28.42, which was marginally settled above. Things only turn decisive with a monthly
settlement above $30, which looks difficult considering the outlook for the broader market.</p><p>Unless you believe the main market has a key m/t floor from early Oct' 2020, any renewed downside will be a pressure on the miners. It doesn't necessarily mean they will be net lower, but it does mean they would be restrained to a considerable degree.<br />--</p><p>Three of the key miners...<br />
<br />
Newmont (NEM), monthly </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjEXSZEaY-rG9XPcwqA1wwx-ScraCAcBliXK5p9bAIslSyyHpMzbCrSPU69J229b4vGjct8aGQa1BS5vs3sWHJFcY0exPsw25xqO34Oa_JGPe4xuPjgN8VpLhHGscoM0YzMFwH7jfYUSc0J8W9YGAaKv0Sl_FFNHHuxHw_op3lZroOHfFho78XXlTlB/s1250/nem%20m%20dec30.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1250" height="614" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjEXSZEaY-rG9XPcwqA1wwx-ScraCAcBliXK5p9bAIslSyyHpMzbCrSPU69J229b4vGjct8aGQa1BS5vs3sWHJFcY0exPsw25xqO34Oa_JGPe4xuPjgN8VpLhHGscoM0YzMFwH7jfYUSc0J8W9YGAaKv0Sl_FFNHHuxHw_op3lZroOHfFho78XXlTlB/w640-h614/nem%20m%20dec30.png" width="640" /></a></div><p>Newmont saw a net December gain of +$0.28 (0.6%) to $47.20. The
December candle is black, and leans s/t bearish. I
would note the monthly 10MA in the $53s, which was settled below for a seventh consecutive month. Net yearly decline of -$12.37 (20.8%). Monthly
momentum remains deeply negative, and I'd note the March 2020 spike low of $30.11. <br />--<br />
<br />
Barrick Gold (GOLD), monthly</p><p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhL8QOqv39T2vKbcS5EoiUPGl5BDJhg3BmGc_hk8c3pHATnFBf7diDG9Cy-WWyEjYKjH-rAexEdq4AqP5DNHIjO8LbeB0CxXdZqhJ1D86p06iF-I78n2WGmv0wgCCOQ9PeLy61ATpc7np0A-9Mr1tyNveZeqenkeAdElje_na9-_aA0BwNi4o2uWeta/s1250/gold%20m%20dec30.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1250" height="614" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhL8QOqv39T2vKbcS5EoiUPGl5BDJhg3BmGc_hk8c3pHATnFBf7diDG9Cy-WWyEjYKjH-rAexEdq4AqP5DNHIjO8LbeB0CxXdZqhJ1D86p06iF-I78n2WGmv0wgCCOQ9PeLy61ATpc7np0A-9Mr1tyNveZeqenkeAdElje_na9-_aA0BwNi4o2uWeta/w640-h614/gold%20m%20dec30.png" width="640" /></a></div><br /><p></p><p>A net December gain of +$0.86 (5.3%) to $17.18. A
net yearly decline of -$1.13 (6.2%). The December candle is rather spiky from around the monthly 10MA. The problem will likely be further downside in the main market. <br />--</p><p></p><p>First Majestic Silver (AG), monthly</p><p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj7miJsLwAy33LdJf0cA92oI13jIMwWpk1e_eDEAEhkg-yivQ50fZMJ-CrZXSnEWs_Lwt2pbjNehgCk7z6s1uuHpny-WLUbKlzUiLz5ESQfLqvB6Yy0K7NHrTg8ElcFvrC8L7mgfm42606rs2aebdOgrkykIRIzrn9NyoC4OGLqtbXHc5SK0K8JM0vn/s1250/ag%20m%20dec30.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1250" height="614" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj7miJsLwAy33LdJf0cA92oI13jIMwWpk1e_eDEAEhkg-yivQ50fZMJ-CrZXSnEWs_Lwt2pbjNehgCk7z6s1uuHpny-WLUbKlzUiLz5ESQfLqvB6Yy0K7NHrTg8ElcFvrC8L7mgfm42606rs2aebdOgrkykIRIzrn9NyoC4OGLqtbXHc5SK0K8JM0vn/w640-h614/ag%20m%20dec30.png" width="640" /></a></div> <p></p><p>A net December decline of -$0.95 (10.2%) to $8.34. I would note the
December settlement is below the 10MA. A net yearly
decline of -$2.74 (24.7%), as the silver miners are (as is usually the case) fairing worse than the gold miners, with a m/t bearish main market. </p>--<br />Of the three, yours truly favours GOLD. <br />As of end 2022... I hold no miner stocks/options.<br /><p>For more of the same...</p><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh2wOrtoY9mbv0YgLlzrK11LujsW05rMCn9XQ1Rxj7CHuI7s-4UOuYmVrRn39vpg-KRugp2VOkxgrGHGHr99rZCiH4cT_b8jI9564tewEwvhs0Rd4w8vHDINZMZGVritrEsPqDkOieBycsA5DXL0rX-BzsEFYeEVQz7xE09ziBxfEHgKnmI0Llhr4WK/s601/sunset%20schedule%20nov22.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="337" data-original-width="601" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh2wOrtoY9mbv0YgLlzrK11LujsW05rMCn9XQ1Rxj7CHuI7s-4UOuYmVrRn39vpg-KRugp2VOkxgrGHGHr99rZCiH4cT_b8jI9564tewEwvhs0Rd4w8vHDINZMZGVritrEsPqDkOieBycsA5DXL0rX-BzsEFYeEVQz7xE09ziBxfEHgKnmI0Llhr4WK/s16000/sunset%20schedule%20nov22.jpg" /></a></div><br />For details and the latest offers > <a href="https://www.tradingsunset.com">https://www.tradingsunset.com</a> <br /><p></p>Trading Sunsethttp://www.blogger.com/profile/13291647197167518399noreply@blogger.comtag:blogger.com,1999:blog-5576507827941457467.post-61733402156860165932022-11-30T22:28:00.000+00:002022-11-30T22:28:23.906+00:00Miners digging upward<p>The gold miner ETF of GDX saw a
net November gain of +$4.89 (20.2%) to $29.05, the sector was helped by
a weaker dollar and a positive equity market. <br /></p><p>GDX, monthly</p><p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgHhLx2nCriftz3ZM3_Qk1KDJNlx0C9olNw1V44UHGbiBGgHqJxcvLOct4gn53wnPgALAFjkdi0nfwn7fxXoeR2kU6t278QWfGuPeOa0wJ6q6zf1u7aLe3o6lLi-JPbFu5iucyhbvpwti00ssynaY1TtLxQwnzJ0-ebeM8kpkJmQiZMIN13k84sSF86/s1240/gdx%20m%20nov30.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1240" height="620" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgHhLx2nCriftz3ZM3_Qk1KDJNlx0C9olNw1V44UHGbiBGgHqJxcvLOct4gn53wnPgALAFjkdi0nfwn7fxXoeR2kU6t278QWfGuPeOa0wJ6q6zf1u7aLe3o6lLi-JPbFu5iucyhbvpwti00ssynaY1TtLxQwnzJ0-ebeM8kpkJmQiZMIN13k84sSF86/w640-h620/gdx%20m%20nov30.png" width="640" /></a></div><br /><p></p><p>Summary <br /></p><p>The miners managed a third consecutive net monthly gain. I
would note the 10MA at $29.42, which was once again settled below, as the m/t trend remains bearish. Monthly momentum ticked upward, and remains on the low side. The weaker dollar and the positive equity market certainly helped.</p><p>Miner bulls need to see a decisive push >psy' $30 for confidence, with Gold >$1824 and Silver sustainably >$22.00<br />--</p><p>Three of the key miners...<br />
<br />
Newmont (NEM), monthly </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh77dOpPhBFN3K7LKAD0LthVoGSwrA9peKMpCtyztXDHkq7_XhCrpZWU2ZhnVSJHVThrbbhB5PzehQgds7wcfHiFfZyeVSYtsPSj-n1bnLABMAs_77QKWtnyGJw5mS1CHWuqWETv_QuuZNEbsUaQ9pEKZyYTaRWoDxt03AXUiezZ6R_EbYycyVKO63Y/s1250/nem%20m%20nov30.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1250" height="614" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh77dOpPhBFN3K7LKAD0LthVoGSwrA9peKMpCtyztXDHkq7_XhCrpZWU2ZhnVSJHVThrbbhB5PzehQgds7wcfHiFfZyeVSYtsPSj-n1bnLABMAs_77QKWtnyGJw5mS1CHWuqWETv_QuuZNEbsUaQ9pEKZyYTaRWoDxt03AXUiezZ6R_EbYycyVKO63Y/w640-h614/nem%20m%20nov30.png" width="640" /></a></div><p>Newmont saw a net November gain of +$5.15 (12.2%) to $47.47. The monthly candle is bullish engulfing, and leans distinctly s/t bullish into year end. I
would note the monthly 10MA at $55.60, which is a natural target.
Monthly
momentum is offering a provisional floor/turn. <br />--<br /></p><p>Barrick Gold (GOLD), monthly</p><p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhERWUUKaF5NWr56kCVR6eZ2LRaBpK8rTX1oLb_qnV3rOoxsyBKKmFdzKBzyu2AWDDmRU7QUGN3ZTc8LchCYnaEWafxtcxZjmtJKq7z4DNewgNPjIVz761mT3qYlnzmboD6nNtgBcziGIEMlYx-0i2PgEQ4mTIKXtLdqt3vvw8bbntRU8RYlTdKp9UM/s1250/gold%20m%20nov30.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1250" height="614" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhERWUUKaF5NWr56kCVR6eZ2LRaBpK8rTX1oLb_qnV3rOoxsyBKKmFdzKBzyu2AWDDmRU7QUGN3ZTc8LchCYnaEWafxtcxZjmtJKq7z4DNewgNPjIVz761mT3qYlnzmboD6nNtgBcziGIEMlYx-0i2PgEQ4mTIKXtLdqt3vvw8bbntRU8RYlTdKp9UM/w640-h614/gold%20m%20nov30.png" width="640" /></a></div><br />Barrick Gold settled +$1.44 (9.6%)
to $16.32. The monthly candle is bullish engulfing, and leans s/t bullish. Momentum ticked upward, as we have a provisional cyclical floor/turn. Soft target is the 10MA in the $18s, and then psy' $20.<br />--<p></p><p>First Majestic Silver (AG), monthly</p><p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjjpGRIDnPINM7BuMOgDODcKipaPvavTrG1B0J1pA8cSCnuqZj4mF0GtOlnEPDyQLNH1yunb-fYB6x3GcK_z2dc30h5hfEpT9s07JwP1SEiEs_P6eH4CK0bRwRpTZhdoTHNefE4ffLiQXFcYfZP5LOau5Tjl9Qo4bPSSVdD7oC2cBeraGrQsAYGG9As/s1250/ag%20m%20nov30.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1250" height="614" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjjpGRIDnPINM7BuMOgDODcKipaPvavTrG1B0J1pA8cSCnuqZj4mF0GtOlnEPDyQLNH1yunb-fYB6x3GcK_z2dc30h5hfEpT9s07JwP1SEiEs_P6eH4CK0bRwRpTZhdoTHNefE4ffLiQXFcYfZP5LOau5Tjl9Qo4bPSSVdD7oC2cBeraGrQsAYGG9As/w640-h614/ag%20m%20nov30.png" width="640" /></a></div><br />First Majestic saw a
net November gain of $0.87 (10.3%) to $9.29. Momentum will be prone to turning positive in January. Soft target are the $11s, which would likely require a positive main equity market, and some degree of upside in silver. <br />-<br /><br />Of the three, I would favour Barrick Gold, although I'd note it has some distinct exposure (around 30%) to Copper, which itself remains m/t bearish. <br /><p></p><p>-<br />For more of the same...</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgdgNaYm67QMIT13BHMXRzHVTple1SKf8Ftpn4ubINhOcnH5NLx4M_sktecwXrmXNpqg_YWWd6hyVOi_An-s5hkvOFUY7j-VFvh5RaiGg2D7ZX2OP5NnCMzyRqCa-vd2BBJqfycMjpSvOgu0Gr8kGPsorHqEbEVx1oHVr6Do3zqOD4QCPpil1dKGtcX/s601/sunset%20schedule%20nov22.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="337" data-original-width="601" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgdgNaYm67QMIT13BHMXRzHVTple1SKf8Ftpn4ubINhOcnH5NLx4M_sktecwXrmXNpqg_YWWd6hyVOi_An-s5hkvOFUY7j-VFvh5RaiGg2D7ZX2OP5NnCMzyRqCa-vd2BBJqfycMjpSvOgu0Gr8kGPsorHqEbEVx1oHVr6Do3zqOD4QCPpil1dKGtcX/s16000/sunset%20schedule%20nov22.jpg" /></a></div><br />For details > <a href="https://www.tradingsunset.com">https://www.tradingsunset.com</a> <br /><p></p>Trading Sunsethttp://www.blogger.com/profile/13291647197167518399noreply@blogger.comtag:blogger.com,1999:blog-5576507827941457467.post-18702975203401335342022-10-31T21:17:00.002+00:002022-10-31T21:17:45.162+00:00A trivial gain<p>The gold miner ETF of GDX saw a
net October gain of +$0.04 (0.2%) to $24.16, the sector was impacted by
further downside in gold, and a m/t bearish equity market. <br /></p><p>GDX, monthly</p><p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgZZRhfvv-4lTXEKqg4nsujhfd9dQ9YPC_aRA3oIHneNG6Q46fJ9DUE_Ys-IGgjb7v2dSXy2B2wBA8ynlzFlaiZIDCUxmDo2TlO0sYi8ptIluaJDpu2apChNcBz5JInaBVXcQoF5AgVo1EZpUWkRFA65UFiaDrq1oMorasT2jaeaJ7CGbqK79U8Kugm/s1240/gdx%20m%20oct31.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1240" height="620" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgZZRhfvv-4lTXEKqg4nsujhfd9dQ9YPC_aRA3oIHneNG6Q46fJ9DUE_Ys-IGgjb7v2dSXy2B2wBA8ynlzFlaiZIDCUxmDo2TlO0sYi8ptIluaJDpu2apChNcBz5JInaBVXcQoF5AgVo1EZpUWkRFA65UFiaDrq1oMorasT2jaeaJ7CGbqK79U8Kugm/w640-h620/gdx%20m%20oct31.png" width="640" /></a></div><br /><p></p><p>Summary <br /></p><p>Whilst the miners managed a second consecutive net monthly gain, the m/t trend remains bearish. I
would note the 10MA at $29.54, which was once again settled below. Monthly momentum remains strongly negative.<br />--</p><p>Three of the key miners...<br />
<br />
Newmont (NEM), monthly </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhpIp7Hq3rOGXofJJS1tgz9yyHetrYUnEjzZcBwFQfwROZxRGSY1uQHT_d1dtftaCseecqWAVRv1moQ5mv2BoZReWn7o5Qf8MerITei0PE-hl9NUS45rk-HmLNxINLc4Dn_WFjUR_7NRdDNZmW-cajNWJcC2srLl5dxpLS4PPnUjmmyc65Vxqji0RC2/s1250/nem%20m%20oct31.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1250" height="614" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhpIp7Hq3rOGXofJJS1tgz9yyHetrYUnEjzZcBwFQfwROZxRGSY1uQHT_d1dtftaCseecqWAVRv1moQ5mv2BoZReWn7o5Qf8MerITei0PE-hl9NUS45rk-HmLNxINLc4Dn_WFjUR_7NRdDNZmW-cajNWJcC2srLl5dxpLS4PPnUjmmyc65Vxqji0RC2/w640-h614/nem%20m%20oct31.png" width="640" /></a></div><p>Newmont saw a net October gain of +$0.29 (0.7%) to $42.32. I
would note the monthly 10MA at $56.80, which was settled far below.
Monthly
momentum continues to spiral lower, and is deeply negative.<br /></p><div class="separator" style="clear: both; text-align: left;">--<br /></div><p>Barrick Gold (GOLD), monthly</p><p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgq79OFEx-zkKQDRuRHwDWkluELFXU14Z8YAbsZfJWHyNlYUOhrjmY4Zq_VW2UPd7a5j-8U6KmISXCEM646ls1DfdKz97ocd3IRzNDag9cwTRrCo5l6d8Mg_5Wq5BbNKtaTjgTE72YfpimMraG_q-NDkQl0Z0wNohYDX7lRBPNU4jFWlBBOspwr21dL/s1250/gold%20m%20oct31.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1250" height="614" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgq79OFEx-zkKQDRuRHwDWkluELFXU14Z8YAbsZfJWHyNlYUOhrjmY4Zq_VW2UPd7a5j-8U6KmISXCEM646ls1DfdKz97ocd3IRzNDag9cwTRrCo5l6d8Mg_5Wq5BbNKtaTjgTE72YfpimMraG_q-NDkQl0Z0wNohYDX7lRBPNU4jFWlBBOspwr21dL/w640-h614/gold%20m%20oct31.png" width="640" /></a></div><br /><p></p><p>Barrick Gold settled -$0.47 (3.0%)
to $15.03. Momentum remains moderately negative. <br />--</p><p>First Majestic Silver (AG), monthly</p><p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi9CjxE13RXorD5aLfuCKoohF54S6lNSiIx273WCxEYYrn1jod010F3Mw4emxlVv38Gh88dOz_84gX97cIUrlRFBk8wlPqlkw5gYtnGSAQ8cMZZeHOolpGAC3xTx8xhLnaajPrMbVFSnWToOdHS5bScKser0oCIbbhreG1FbvV1VFez4BiyVTrM4OKR/s1250/AG%20m%20oct31.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1250" height="614" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi9CjxE13RXorD5aLfuCKoohF54S6lNSiIx273WCxEYYrn1jod010F3Mw4emxlVv38Gh88dOz_84gX97cIUrlRFBk8wlPqlkw5gYtnGSAQ8cMZZeHOolpGAC3xTx8xhLnaajPrMbVFSnWToOdHS5bScKser0oCIbbhreG1FbvV1VFez4BiyVTrM4OKR/w640-h614/AG%20m%20oct31.png" width="640" /></a></div><br /><p></p><p>First Majestic saw a
net October gain of $0.81 (10.6%) to $8.43. </p><p>*Further main market downside, or dollar strength aren't going to help any of the gold and silver miners. <br /></p><p>-<br />For more of the same...</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgVlO5BMRsRl9xkqdbf7aERb8K0Z65wNxbDW_q3u-hhWS8UsFFQH8gkRaqJVW7QhiCMtEy9bv54tOrtLt2je_JWk-PtKOBRzY5NRpEDrIeB8tFNoX9cFIZHpq4UlZZHDh1_xW5aCKFlGDlheOzsSs93v1571iPCmOjFDnO0dVPNRNiAR0efdgiNMvne/s606/sunset%20goldsilver%20finalised.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="360" data-original-width="606" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgVlO5BMRsRl9xkqdbf7aERb8K0Z65wNxbDW_q3u-hhWS8UsFFQH8gkRaqJVW7QhiCMtEy9bv54tOrtLt2je_JWk-PtKOBRzY5NRpEDrIeB8tFNoX9cFIZHpq4UlZZHDh1_xW5aCKFlGDlheOzsSs93v1571iPCmOjFDnO0dVPNRNiAR0efdgiNMvne/s16000/sunset%20goldsilver%20finalised.jpg" /></a></div><br /><p></p><p>For details > <a href="https://www.tradingsunset.com">https://www.tradingsunset.com</a> <br /></p>Trading Sunsethttp://www.blogger.com/profile/13291647197167518399noreply@blogger.comtag:blogger.com,1999:blog-5576507827941457467.post-3817776318767002582022-09-30T23:37:00.003+01:002022-09-30T23:37:46.867+01:00Miners still m/t bearish<p>The gold miner ETF of GDX saw a
net September gain of +$0.32 (1.3%) to $24.12, the sector was impacted by
further downside in gold, and a m/t bearish equity market. <br /></p><p>GDX, monthly</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgLWpga5usXfF1acKgbM7sPQvYAQc3nKWp53whDpKqzLIw2ruFp2F7h8aZ1fr7tzvKVCJ3-duknc4inF99uxxpAkmXvaGhIrZ7vYlld3Sc9VztkeopuoBK7hO3DevjlHNfWjRLNjYQoMawNF-s-mGJtjYwAkwyg8pe57DqCzEIIeIu_DEVqdOcPMpZe/s1240/gdx%20m%20sep30.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1240" height="620" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgLWpga5usXfF1acKgbM7sPQvYAQc3nKWp53whDpKqzLIw2ruFp2F7h8aZ1fr7tzvKVCJ3-duknc4inF99uxxpAkmXvaGhIrZ7vYlld3Sc9VztkeopuoBK7hO3DevjlHNfWjRLNjYQoMawNF-s-mGJtjYwAkwyg8pe57DqCzEIIeIu_DEVqdOcPMpZe/w640-h620/gdx%20m%20sep30.png" width="640" /></a></div><br /><p></p><p> Summary <br /></p><p>Whilst the miners managed a net monthly gain, the m/t trend remains bearish. I
would note the 10MA at $30.33, which was once again settled below. Monthly momentum is increasingly negative, with zero
sign of a short/mid term floor. <br />--</p><p>Three of the key miners...<br />
<br />
Newmont (NEM), monthly </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhDLD9FjV71szcX3jf_D7rPhlamkXPVl9UNfY0yuIauvvzgJyTnHTWavtMVyjWuajd9zU9z0RQWpIUQvkJNecu-qjxL0RwFExy8xBdYA9JVEdKfWRTIEq6uqCLpeFVMZWlWzv0KvMF6TjGkr9JAB5Fi8p3aPR5vyUXdD3JZmZp9aBMM77GcLNrnZDd6/s1250/nem%20m%20sep30.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1250" height="614" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhDLD9FjV71szcX3jf_D7rPhlamkXPVl9UNfY0yuIauvvzgJyTnHTWavtMVyjWuajd9zU9z0RQWpIUQvkJNecu-qjxL0RwFExy8xBdYA9JVEdKfWRTIEq6uqCLpeFVMZWlWzv0KvMF6TjGkr9JAB5Fi8p3aPR5vyUXdD3JZmZp9aBMM77GcLNrnZDd6/w640-h614/nem%20m%20sep30.png" width="640" /></a></div><p><br />Newmont saw a net September gain of +$1.22 (3.0%) to $42.03. Despite the net monthly gain, I'd note we're still putting in lower highs and lower lows. I
would note the monthly 10MA at $58.60, which was settled far below. Monthly
momentum continues to spiral lower, settling deeply negative.<br /></p><div class="separator" style="clear: both; text-align: left;">--<br /></div><p>Barrick Gold (GOLD), monthly</p><p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhOucWO2f5cS7TJTJpGDWYnEQuD39xW039ip1hCnzFqVaOd78o0maebDGiFCiQ8k9iS8SnQxZm4TiEyeAAY_4jMsr7x6TnoIpoR0GkN2xfj5LAxvBDFbt8y3MXtHqql8k2eLsXyq1dkXNGpwiiOh9UpdWObdHj9LHVnktbdbRJzSNH84d4SKENZarue/s1250/gold%20m%20sep30.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1250" height="614" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhOucWO2f5cS7TJTJpGDWYnEQuD39xW039ip1hCnzFqVaOd78o0maebDGiFCiQ8k9iS8SnQxZm4TiEyeAAY_4jMsr7x6TnoIpoR0GkN2xfj5LAxvBDFbt8y3MXtHqql8k2eLsXyq1dkXNGpwiiOh9UpdWObdHj9LHVnktbdbRJzSNH84d4SKENZarue/w640-h614/gold%20m%20sep30.png" width="640" /></a></div><br /><p></p><p>Barrick Gold settled +$0.65 (4.4%)
to $15.50. Momentum continues to weaken, and is moderately negative. <br />--</p><p>First Majestic Silver (AG), monthly</p><p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhAi08qBRfuSFgssGxnzv2K9_tkrJWWYL9ErzRq3_IHW1QjabFg-iPXkLpVqN0W4xum7mcNrIf9fsrzMKJMK3LWZ7sSE3G8Jt36HeND4BG8NQUAmNLyKn1gIheAldk5P1k06kLAn1UXjeCQk5hdGu8CpjhyllJgiconqtJBYgZIlh6u8TRquNTLzzU4/s1250/AG%20m%20sep30.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1250" height="614" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhAi08qBRfuSFgssGxnzv2K9_tkrJWWYL9ErzRq3_IHW1QjabFg-iPXkLpVqN0W4xum7mcNrIf9fsrzMKJMK3LWZ7sSE3G8Jt36HeND4BG8NQUAmNLyKn1gIheAldk5P1k06kLAn1UXjeCQk5hdGu8CpjhyllJgiconqtJBYgZIlh6u8TRquNTLzzU4/w640-h614/AG%20m%20sep30.png" width="640" /></a></div><br /><p></p><p>First Majestic saw a
net September gain of $0.34 (4.7%) to $7.62. In the scheme of things, its a minor gain. </p><p>*Further main market downside, or dollar strength aren't going to help any of the gold and silver miners. <br /></p><p>-<br />For more of the same...</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhDPIfQlF6gdHE20GkkoXU9S4xpFKR0Es34ggAf3tIBiuUCtyNHr2LsYtT3m9GmUS5vGVwYejy2Xajl9CrK1L6ZROAPOBFSBYWtgMNJbS3A33TxGQzBgdobQSCV1i4qX-X3RECxzuvfrlHakYtSfBtmO28WsNv-nttWl4Q8CkAkesA9-IupW2SWq128/s600/nov15%2012items%20text2.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="290" data-original-width="600" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhDPIfQlF6gdHE20GkkoXU9S4xpFKR0Es34ggAf3tIBiuUCtyNHr2LsYtT3m9GmUS5vGVwYejy2Xajl9CrK1L6ZROAPOBFSBYWtgMNJbS3A33TxGQzBgdobQSCV1i4qX-X3RECxzuvfrlHakYtSfBtmO28WsNv-nttWl4Q8CkAkesA9-IupW2SWq128/s16000/nov15%2012items%20text2.jpg" /></a></div><br /><p></p><p>For the latest offers > <a href="https://www.tradingsunset.com">https://www.tradingsunset.com</a> <br /></p>Trading Sunsethttp://www.blogger.com/profile/13291647197167518399noreply@blogger.comtag:blogger.com,1999:blog-5576507827941457467.post-30565870400371905932022-08-31T22:37:00.001+01:002022-08-31T22:37:44.391+01:00Miners still digging<p>The gold miner ETF of GDX saw a
net August decline of -$2.47 (9.4%) to $23.80, the sector impacted by further downside in gold/silver, and a m/t bearish equity market. <br /></p><p>GDX, monthly</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgqNSPn06L1Uyrry1wJE-Q6aM0j_2KoY7ROr6DYIQSLPOq8scHmtOGkVTXOeER6dDUgnUNLww9XttOj4rfFqTjR4dUsOgUURSlMqBAaCH6zSMUeq21Qigpe-EQZVa9oMz_dmOv4wqhYNE_a3fCZgyzD1YGS6SoMRoiT23wr9CChOGQYYBV-jERu__XV/s1240/gdx%20m%20aug31.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1240" height="620" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgqNSPn06L1Uyrry1wJE-Q6aM0j_2KoY7ROr6DYIQSLPOq8scHmtOGkVTXOeER6dDUgnUNLww9XttOj4rfFqTjR4dUsOgUURSlMqBAaCH6zSMUeq21Qigpe-EQZVa9oMz_dmOv4wqhYNE_a3fCZgyzD1YGS6SoMRoiT23wr9CChOGQYYBV-jERu__XV/w640-h620/gdx%20m%20aug31.png" width="640" /></a></div><br /><p></p><p>Summary <br /></p><p>The miners dug lower for a fifth consecutive month. I
would note the 10MA at $31.04, which was settled below, as the m/t
trend remains bearish. Monthly momentum is increasingly negative, with zero
sign of a floor/turn. <br />--</p><p>Three of the key miners...<br />
<br />
Newmont (NEM), monthly </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh53fMH9vQe4OZDW0MIRcTBmXrzKwAN08sVMRtiivpZjqp0QA399s9_wsam-bUNllzarro7nKOCXEROjAF6ax_VN6jUBDLpiPBo3xWvQKHRPpbZeQzASz6BoUgzGr8y3ANl45ZevEMZCTlxtdmWIzh5sfNTedd-z-yVbXYushsnFY-y8USD3BZd_pOy/s1250/nem%20m%20aug31.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1250" height="614" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh53fMH9vQe4OZDW0MIRcTBmXrzKwAN08sVMRtiivpZjqp0QA399s9_wsam-bUNllzarro7nKOCXEROjAF6ax_VN6jUBDLpiPBo3xWvQKHRPpbZeQzASz6BoUgzGr8y3ANl45ZevEMZCTlxtdmWIzh5sfNTedd-z-yVbXYushsnFY-y8USD3BZd_pOy/w640-h614/nem%20m%20aug31.png" width="640" /></a></div><p>Newmont saw a net August decline of -$3.92 (8.7%) to $41.36, the lowest close since Dec'2019. I
would note the monthly 10MA at $60.48, which was settled far below. Monthly
momentum continues to spiral lower, settling deeply negative.<br /></p><div class="separator" style="clear: both; text-align: left;">--<br /></div><p><br />
Barrick Gold (GOLD), monthly</p><p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjQtm90XPtZnm8u1ajvXTWt8aKFhURUDGuG2zSgB6z-cZjjQD66HE5rFb_JFvQaeQjA0pbBzPkv3SvIK_XJq5JgQWX7OAUHYoVtvusNk2nbbtM-9xLj5QnLlO8Xn-bBJucs7dUJ-iwmV3Z-dYMRib9Pzrw-PvTwWcQWtqGg1-S7t9Nb16C8bcQClwbA/s1250/gold%20m%20aug31.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1250" height="614" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjQtm90XPtZnm8u1ajvXTWt8aKFhURUDGuG2zSgB6z-cZjjQD66HE5rFb_JFvQaeQjA0pbBzPkv3SvIK_XJq5JgQWX7OAUHYoVtvusNk2nbbtM-9xLj5QnLlO8Xn-bBJucs7dUJ-iwmV3Z-dYMRib9Pzrw-PvTwWcQWtqGg1-S7t9Nb16C8bcQClwbA/w640-h614/gold%20m%20aug31.png" width="640" /></a></div><br /><p></p><p>Barrick Gold fell for a fifth consecutive month, settling -$0.68 (4.4%)
to $14.85, the lowest close since May 2019. Momentum is moderately negative. <br />--</p><p>First Majestic Silver (AG), monthly</p><p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEixpC7vUUSrLr4hbt0VwTgVAEGLhslNpDtricMC9HERASZ0m8fYTcJ4JeDyd-ASLurqvtIjhatK1G0dB0VY3mFPCs-tZ0LkoqUyVfj9_gkPnL8V2zngumrntd4HCv-NSnoQiKrstP_8lIN3W7MFpsxv-GyKvtlPl7dNhMw4eRUflZhuhNPYza_OSvTM/s1250/ag%20m%20aug31.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1250" height="614" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEixpC7vUUSrLr4hbt0VwTgVAEGLhslNpDtricMC9HERASZ0m8fYTcJ4JeDyd-ASLurqvtIjhatK1G0dB0VY3mFPCs-tZ0LkoqUyVfj9_gkPnL8V2zngumrntd4HCv-NSnoQiKrstP_8lIN3W7MFpsxv-GyKvtlPl7dNhMw4eRUflZhuhNPYza_OSvTM/w640-h614/ag%20m%20aug31.png" width="640" /></a></div><br /><p></p><p>First Majestic saw a
net August decline of $0.37 (4.9%) to $7.28. Silver $18s, and a m/t bearish main market, aren't helping.<br /></p><p>-<br />For more of the same...<br /><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgAs-IPGEgtyHhrtjxo-Y3UxEcuNFyOYSkYaOsS4TDD-4uN9W5UxLhdTnt9V5qnMENfF7ytoK2P9IUK08B4cN-uT-YmcoajQXQyax3vjpKDhBQp74Yn3cOlFFjZSU47MPXxfIQyBpPM0mQclh9JRW049Qug_Z5_e_oPDUZPubF0iuTU7eH9Keu1onGz/s601/sunset%20schedule%20nov22.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="337" data-original-width="601" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgAs-IPGEgtyHhrtjxo-Y3UxEcuNFyOYSkYaOsS4TDD-4uN9W5UxLhdTnt9V5qnMENfF7ytoK2P9IUK08B4cN-uT-YmcoajQXQyax3vjpKDhBQp74Yn3cOlFFjZSU47MPXxfIQyBpPM0mQclh9JRW049Qug_Z5_e_oPDUZPubF0iuTU7eH9Keu1onGz/s16000/sunset%20schedule%20nov22.jpg" /></a></div><br /><p></p><p>For details > <a href="https://www.tradingsunset.com">https://www.tradingsunset.com</a> <br /></p>Trading Sunsethttp://www.blogger.com/profile/13291647197167518399noreply@blogger.comtag:blogger.com,1999:blog-5576507827941457467.post-47451741079500286922022-07-29T23:18:00.003+01:002022-07-29T23:18:16.134+01:00Month four down<p>The gold miner ETF of GDX saw a
net July decline of -$1.11 (4.0%) to $26.27, the sector impacted by broadly weak gold/silver.<br /></p><p>GDX, monthly</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjP-TSiUau3nRIXLhzbzb1bmWsuL4h1WCgRT1nOh32hum-26LXHLsGHngX4sI-lS-V4veZlhMHboGMP8puJy2_WViCWX1xo8jUen1Y2Jwn9fac6ZN9INx3NZ0K00qQhdUE5uDUjF4_fywsOBKKTzAiuFJtiFZm8d1KZ1ZKR6pBMz-ReBlUcmi0HsDIF/s1240/gdx%20m%20jul29.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1240" height="620" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjP-TSiUau3nRIXLhzbzb1bmWsuL4h1WCgRT1nOh32hum-26LXHLsGHngX4sI-lS-V4veZlhMHboGMP8puJy2_WViCWX1xo8jUen1Y2Jwn9fac6ZN9INx3NZ0K00qQhdUE5uDUjF4_fywsOBKKTzAiuFJtiFZm8d1KZ1ZKR6pBMz-ReBlUcmi0HsDIF/w640-h620/gdx%20m%20jul29.png" width="640" /></a></div><br /><p></p><p>Summary <br /></p><p>The miners saw a late July low of $24.38, if recovering to settle at $26.27. I
would note the 10MA at $31.78, which was settled below, as the m/t
trend remains bearish. Monthly momentum is increasingly negative, with zero
sign of a floor/turn. <br />--</p><p>Three of the key miners...<br />
<br />
Newmont (NEM), monthly </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgrfF6bIjeWenjxXg9lQQFUPU7QLBmGuzQSWnsWgdhSFyNPxgQbljuesJzX34Uuq1hhoaUa-2UE6xm8OWBI3JyNxnx4DKSl4x7Qp3X2tOZuT-x1ZTopeljYD8jGiHh53Ss6rGCTHq3MgXgeHe28sZ--EaUFiO3oC6f84ZSRdGemw10I1OyYUAcjwrhs/s1250/nem%20m%20jul29.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1250" height="614" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgrfF6bIjeWenjxXg9lQQFUPU7QLBmGuzQSWnsWgdhSFyNPxgQbljuesJzX34Uuq1hhoaUa-2UE6xm8OWBI3JyNxnx4DKSl4x7Qp3X2tOZuT-x1ZTopeljYD8jGiHh53Ss6rGCTHq3MgXgeHe28sZ--EaUFiO3oC6f84ZSRdGemw10I1OyYUAcjwrhs/w640-h614/nem%20m%20jul29.png" width="640" /></a><br /><br /></div><div class="separator" style="clear: both; text-align: left;">Newmont saw a net July decline of -$14.39 (24.1%) to $45.28, the lowest close since March 2020! I
would note the monthly 10MA at $61.61, which was settled far below. Monthly
momentum spiraled lower, settling deeply negative.<br />--<br /></div><p><br />
Barrick Gold (GOLD), monthly</p><p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgy1vtUfpMh7G2TEFRfxvPfaaLZrHkVTf-vpahFWzmWBT16UbWjE-4B_mh23va_O-tavIeycaFv4NHtXoeBkMvczqeAaXU3yo4_Fdqlwr_HWwLCNv3yQ7b302xUdeibmEcQNrZWTSZ4JNnn6DvqRUDMXZut11JwA-IxEXdeMbIsVnRx8U3QBIi_UMZO/s1250/gold%20m%20jul29.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1250" height="614" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgy1vtUfpMh7G2TEFRfxvPfaaLZrHkVTf-vpahFWzmWBT16UbWjE-4B_mh23va_O-tavIeycaFv4NHtXoeBkMvczqeAaXU3yo4_Fdqlwr_HWwLCNv3yQ7b302xUdeibmEcQNrZWTSZ4JNnn6DvqRUDMXZut11JwA-IxEXdeMbIsVnRx8U3QBIi_UMZO/w640-h614/gold%20m%20jul29.png" width="640" /></a></div><br /><p></p><p>Barrick Gold fell for a fourth consecutive month, settling -$1.95 (11.0%)
to $15.74, the lowest close since July 2019. Momentum is moderately negative. <br />--</p><p>First Majestic Silver (AG), monthly</p><p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh9M_MiOd3fl26gYfSRF2hiD6ipj2oBiGNMESG1NzPr_M5myfn5yMuM9KoIkbK2Jdi7JMQV3B-mUpvfP3p0_PRfXpzpdEfQCbjur4fA5UNdeFxpdNXzu4LXiJ2ZliQEAMEboZ-RMdE12YjlDvjFAmj8l_eUGAist7xIvSdtreT_Hc_wqLQlMfVXaiiZ/s1250/ag%20m%20jul29.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1250" height="614" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh9M_MiOd3fl26gYfSRF2hiD6ipj2oBiGNMESG1NzPr_M5myfn5yMuM9KoIkbK2Jdi7JMQV3B-mUpvfP3p0_PRfXpzpdEfQCbjur4fA5UNdeFxpdNXzu4LXiJ2ZliQEAMEboZ-RMdE12YjlDvjFAmj8l_eUGAist7xIvSdtreT_Hc_wqLQlMfVXaiiZ/w640-h614/ag%20m%20jul29.png" width="640" /></a></div><br />First Majestic saw a
net July gain of +$0.48 (6.7%) to $7.66. Silver's late month recovery to the $20s especially helped, along with a positive main market. <br /><p></p><p>-<br />Of the three, yours truly favours NEM, if only as its (usually) more resilient than the sector. For more of the same...<br /><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhuVZRJACjZHte3o-mXuaI-XuI3xPwgFFhPQNa-WWTsYsra3STgL3z4zuqa9BaAM-2xqg-sJCwCQCCUyA-v5cyqi4FvEEgyjX719Q7u1VCUdFUhb1yHtYIh3C1buZSV3DDRJwtD8ices8QpuDusuQoi9QE0Sg5Nu7sCBSQwKMUCKH-TFiNVOmdp3IOe/s600/nov15%2012items%20text2.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="290" data-original-width="600" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhuVZRJACjZHte3o-mXuaI-XuI3xPwgFFhPQNa-WWTsYsra3STgL3z4zuqa9BaAM-2xqg-sJCwCQCCUyA-v5cyqi4FvEEgyjX719Q7u1VCUdFUhb1yHtYIh3C1buZSV3DDRJwtD8ices8QpuDusuQoi9QE0Sg5Nu7sCBSQwKMUCKH-TFiNVOmdp3IOe/s16000/nov15%2012items%20text2.jpg" /></a></div> <p></p><p>For details and the latest offers > <a href="https://www.tradingsunset.com">https://www.tradingsunset.com</a> <br /></p>Trading Sunsethttp://www.blogger.com/profile/13291647197167518399noreply@blogger.comtag:blogger.com,1999:blog-5576507827941457467.post-85762844458086576772022-06-30T22:32:00.004+01:002022-06-30T22:32:22.636+01:00Miners dig lower for a third month<p>The gold miner ETF of GDX saw a
net June decline of -$4.35 (13.7%) to $27.38, the sector impacted by weak gold/silver, but also the broader equity market. <br /></p><p>GDX, monthly</p><p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgzj3WYfXv3G9Vokds4oVb-pxGQEOdA18iCA5MEFUGeT0XHcWnOwtrhxmLJN7la3hewNdhwYrsKQj1ub1HkQqmo56GmcdxbvYDsT5mb3pIgrz3Zn7O11XF4BDKfEzXji6qwH6zlnnKm9Z8Bg2MIjtyez8mhbaMNCaUIQfaQFoHK0vIOTXl4mKA7WMVE/s1240/gdx%20m%20jun30.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1240" height="620" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgzj3WYfXv3G9Vokds4oVb-pxGQEOdA18iCA5MEFUGeT0XHcWnOwtrhxmLJN7la3hewNdhwYrsKQj1ub1HkQqmo56GmcdxbvYDsT5mb3pIgrz3Zn7O11XF4BDKfEzXji6qwH6zlnnKm9Z8Bg2MIjtyez8mhbaMNCaUIQfaQFoHK0vIOTXl4mKA7WMVE/w640-h620/gdx%20m%20jun30.png" width="640" /></a></div><br /><p></p><p>Summary <br /></p><p>The miners saw an early June high of $33.52, but
cooled back to settle severely lower at $27.38, the lowest since April 2020. I
would note the 10MA at $32.05, which was settled below, as the m/t trend is bearish. Monthly momentum is increasingly negative, with zero sign of a floor/turn. --</p><p>Three of the key miners...<br />
<br />
Newmont (NEM), monthly </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEixWfCEBqt0Anc9ENdlSbeNbf_m6hi05pUvNasWsEEvzzzi1nUgQY3es6m1Qd3ZS4z6GKSCT-yGA25jKyn0Le6E3Z4LPA6Vwlo5uJ0laYJf0dozEj_CrxZHlwRr__6j0DQyBmO_Hx8RbQh0wFmMub8yBywNfoHJRhZdyzSDnCM1XEiY1-u-kjwi2nAl/s1250/nem%20m%20jun30.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1250" height="614" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEixWfCEBqt0Anc9ENdlSbeNbf_m6hi05pUvNasWsEEvzzzi1nUgQY3es6m1Qd3ZS4z6GKSCT-yGA25jKyn0Le6E3Z4LPA6Vwlo5uJ0laYJf0dozEj_CrxZHlwRr__6j0DQyBmO_Hx8RbQh0wFmMub8yBywNfoHJRhZdyzSDnCM1XEiY1-u-kjwi2nAl/w640-h614/nem%20m%20jun30.png" width="640" /></a></div><p>Newmont saw a net June decline of -$7.63 (11.3%) to $59.67. I
would note the monthly 10MA at $62.37, which was settled below. Monthly
momentum weakened, turning fractionally negative.<br />--<br />
<br />
Barrick Gold (GOLD), monthly</p><p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjyIfEI6hKjdQddU8v7eJ2yUl_O5zdeZ90nKW3Z7tDQQgJCBrCtKFtRTcEDzcYaDTC2XtRpXliSkgXNOW6ktMnSF_RVXm-Ncha9MxQCAeZdjfDs3HoKIQGGr_sbZytYPpasMP4eZ3v2MjcGfySItq02bjTMrYXegZn31seBoTzJrTTXaYKbQOb5tSlX/s1250/gold%20m%20jun30.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1250" height="614" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjyIfEI6hKjdQddU8v7eJ2yUl_O5zdeZ90nKW3Z7tDQQgJCBrCtKFtRTcEDzcYaDTC2XtRpXliSkgXNOW6ktMnSF_RVXm-Ncha9MxQCAeZdjfDs3HoKIQGGr_sbZytYPpasMP4eZ3v2MjcGfySItq02bjTMrYXegZn31seBoTzJrTTXaYKbQOb5tSlX/w640-h614/gold%20m%20jun30.png" width="640" /></a></div><br /><p></p><p>Barrick Gold fell for a third consecutive month, settling -$2.80 (13.7%)
to $17.69. Momentum is increasingly negative. <br />--</p><p>First Majestic Silver (AG), monthly</p><p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjmD9DKBRVpDASzOMpqvykxTGrSBafKKLFrEAYv_G2g1oumBZQGgoE2zYq98GfFwR3aQVWJQbDZfvucBjXHVRur6IIXwc94vZgwHu0TnRy_sm_1B8bq8yzeWEsPpdACxeBM2FG2poEh4oW_xVWfVNqt5OQ_i6eY07l0Q9EyOZ4BGQzaEBZZ7HpRUCPJ/s1250/ag%20m%20jun30.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1250" height="614" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjmD9DKBRVpDASzOMpqvykxTGrSBafKKLFrEAYv_G2g1oumBZQGgoE2zYq98GfFwR3aQVWJQbDZfvucBjXHVRur6IIXwc94vZgwHu0TnRy_sm_1B8bq8yzeWEsPpdACxeBM2FG2poEh4oW_xVWfVNqt5OQ_i6eY07l0Q9EyOZ4BGQzaEBZZ7HpRUCPJ/w640-h614/ag%20m%20jun30.png" width="640" /></a></div><br /><p></p><p>First Majestic saw a
net June decline of -$0.79 (9.9%) to $7.18. Silver printing the low $20s, and the m/t broken main
market
sure isn't helping. <br /></p><p>-<br />Of the three, yours truly favours NEM, if only as its more resilient than the sector. For more of the same...<br /><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg7JPQeNmv2CPh1RVoeqGfAQuecety1DKcWSg8zSkBC_aNRJtKHhU1TBek8AeGjkbi5jf1A1EW5Zltayla3RMB2DtgtjO7ZKSB2S6K4725hCciJW5_EyzMbBW49VKx0lHrsYgbECyxYBEB5wFxrf33l4HT8SfAZUJq4PvnPygebqDNr4Ui81BxYqlUr/s606/sunset%20goldsilver%20finalised.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="360" data-original-width="606" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg7JPQeNmv2CPh1RVoeqGfAQuecety1DKcWSg8zSkBC_aNRJtKHhU1TBek8AeGjkbi5jf1A1EW5Zltayla3RMB2DtgtjO7ZKSB2S6K4725hCciJW5_EyzMbBW49VKx0lHrsYgbECyxYBEB5wFxrf33l4HT8SfAZUJq4PvnPygebqDNr4Ui81BxYqlUr/s16000/sunset%20goldsilver%20finalised.jpg" /></a></div><br /><p></p><p>For details and the latest offers > <a href="https://www.tradingsunset.com">https://www.tradingsunset.com</a> <br /></p>Trading Sunsethttp://www.blogger.com/profile/13291647197167518399noreply@blogger.comtag:blogger.com,1999:blog-5576507827941457467.post-53172280726834257212022-05-31T22:13:00.002+01:002022-05-31T22:13:41.186+01:00Miners still struggling<p>The gold miner ETF of GDX saw a
net May decline of -$3.26 (9.3%) to $31.73, the sector impacted by weak gold/silver, but also the broader equity market. <br /></p><p>GDX, monthly</p><p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhfOVwoHuXxtwlHXUQnRH5qfQee-og7yr03aZG5QIZucinM0rbD5T12htOOz8M0SrETs-qzygIJdxCFzfFWqmB1XUmFGrYPgiad0khaKDv449vqi5b0Y1YhIEpdPz1dXvfYx9SDzrl-6VNcON08JSSIQyN308CIByBAiIleUSqC8PLhcBe6a3qCpE8c/s1240/gdx%20m%20may31.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1240" height="620" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhfOVwoHuXxtwlHXUQnRH5qfQee-og7yr03aZG5QIZucinM0rbD5T12htOOz8M0SrETs-qzygIJdxCFzfFWqmB1XUmFGrYPgiad0khaKDv449vqi5b0Y1YhIEpdPz1dXvfYx9SDzrl-6VNcON08JSSIQyN308CIByBAiIleUSqC8PLhcBe6a3qCpE8c/w640-h620/gdx%20m%20may31.png" width="640" /></a></div><br /><p></p><p>Summary <br /></p><p>The miners saw an early May high of $36.17, but
cooled back to settle powerfully lower at $31.73. I
would note the 10MA at $32.51, which was settled below, as the m/t bullish trend has been broken. Monthly momentum has stalled
just under the key zero threshold. Next target of the Aug'2020 high of
$44.76 looks out of range until at least late summer.<br />--</p><p>Three of the key miners...<br />
<br />
Newmont (NEM), monthly </p><p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhEB8WG3sXmb1GXlryYFYf6EY7Iot_BHllfHR8P1cC7H9cZ3eVErPPvtyihRGzHfpDVsK-3SDKn4-PirS2tzw22lco-Ut4eoLjilJzv912XsVTqYpyR4WBLeKeyHEMjxqR2P0C3WwgH5_90BnijWlRwBFB72OuHAjxppTiRYwF2HGvK7tHr3cKVrAeX/s1250/nem%20m%20may31.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1250" height="614" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhEB8WG3sXmb1GXlryYFYf6EY7Iot_BHllfHR8P1cC7H9cZ3eVErPPvtyihRGzHfpDVsK-3SDKn4-PirS2tzw22lco-Ut4eoLjilJzv912XsVTqYpyR4WBLeKeyHEMjxqR2P0C3WwgH5_90BnijWlRwBFB72OuHAjxppTiRYwF2HGvK7tHr3cKVrAeX/w640-h614/nem%20m%20may31.png" width="640" /></a></div> <p></p><p>Newmont saw a net May decline of -$5.00 (6.9%) to $67.85. I
would note the monthly 10MA at $61.52, which was settled
above. Monthly
momentum weakened, if remaining moderately positive.<br />--<br />
<br />
Barrick Gold (GOLD), monthly</p><p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj0NtlkxvSo-D08kjmWifbmkLcfFpTgqBwYgEyHAsQnvbkzcglnBcOASVt7wxY8m8hf-jiC-SW2hWFAXXv4nKQTTO_WH0pqB2g6gnxHGDmf6KGEiyYSx7SNwmqBB6ZbUw-Xd9CBtVuSZFlbgTdLkstj5dvXLwbuIJgzsrhQJTyksGMEopD3QzuJjSZm/s1250/gold%20m%20may31.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1250" height="614" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj0NtlkxvSo-D08kjmWifbmkLcfFpTgqBwYgEyHAsQnvbkzcglnBcOASVt7wxY8m8hf-jiC-SW2hWFAXXv4nKQTTO_WH0pqB2g6gnxHGDmf6KGEiyYSx7SNwmqBB6ZbUw-Xd9CBtVuSZFlbgTdLkstj5dvXLwbuIJgzsrhQJTyksGMEopD3QzuJjSZm/w640-h614/gold%20m%20may31.png" width="640" /></a></div><br /><p></p><p>Barrick Gold cooled back to settle -$1.61 (7.3%)
to $20.49. Momentum has turned back to negative. A push above the
Aug'2020 high of $30.47 will likely require Gold >$2100.<br />--</p><p>First Majestic Silver (AG), monthly</p><p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh4c20RDMZxfI2bQ7plOC0i6xD9ySASmO8WkdUKnHJjXjB32KAJZjpdgB9qxNFiqvDghYpttQ_7xuCmgVA-RFW3WOFQv-Ipoc30EdNtMBLZIxL_lIZ_bmKZnxf4ufJLWTaM7nNcejdP1mQUaK9jwUGT7Z1Ozn9x9XgMOGui0EWM2WsKL4g6c7dL1_Be/s1250/ag%20m%20may31.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1250" height="614" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh4c20RDMZxfI2bQ7plOC0i6xD9ySASmO8WkdUKnHJjXjB32KAJZjpdgB9qxNFiqvDghYpttQ_7xuCmgVA-RFW3WOFQv-Ipoc30EdNtMBLZIxL_lIZ_bmKZnxf4ufJLWTaM7nNcejdP1mQUaK9jwUGT7Z1Ozn9x9XgMOGui0EWM2WsKL4g6c7dL1_Be/w640-h614/ag%20m%20may31.png" width="640" /></a></div><br /><p></p><p>First Majestic saw a
net May decline of -$2.32 (22.6%) to $7.97. April's bearish engulfing candle played out. Silver printing the $20s, and the m/t broken main market
sure isn't helping. <br /></p>Of the three, yours truly favours NEM, if only as its more resilient than the sector. <p>For more of the same...<br /><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEivZzcX6THq_ncZZwk8ETcKb1jHLBjEVmGok9KZ8VZXIg0go_oAkK-Y3kpB8dmjB1WE-JZc43iAVWm0tlabsxVotEYCHgRJSqq206_npsGzR7ylWI--t1O2N8ncWT2huywBymh-hdOjXtqf6IIZq5lwO-TcG8VTR_aC61NaXpm2uBBXJLbN3Dj4bOXy/s606/sunset%20goldsilver%20finalised.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="360" data-original-width="606" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEivZzcX6THq_ncZZwk8ETcKb1jHLBjEVmGok9KZ8VZXIg0go_oAkK-Y3kpB8dmjB1WE-JZc43iAVWm0tlabsxVotEYCHgRJSqq206_npsGzR7ylWI--t1O2N8ncWT2huywBymh-hdOjXtqf6IIZq5lwO-TcG8VTR_aC61NaXpm2uBBXJLbN3Dj4bOXy/s16000/sunset%20goldsilver%20finalised.jpg" /></a></div><br /><p></p><p>For details and the latest offers > <a href="https://www.tradingsunset.com">https://www.tradingsunset.com</a> <br /></p>Trading Sunsethttp://www.blogger.com/profile/13291647197167518399noreply@blogger.comtag:blogger.com,1999:blog-5576507827941457467.post-88586537330089916662022-04-30T17:43:00.000+01:002022-04-30T17:43:00.572+01:00Miners swing lower<p>The gold miner ETF of GDX saw a
net April decline of -$3.36 (8.8%) to $34.99, the sector impacted by weak gold/silver, but also the broader equity market. <br /></p><p>GDX, monthly</p><p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhNIN09RrYdUUUIfVuuuLPhvLVgJlm2ELDbCf_wFHfDZhqvsKAOhn393gfu8-xRa8cqVZHlI_UeaanH4z_DtGWVBGOgyIvvOhVpOD23Fk3gwFJ9BayAOADhXINvsAVgqxjKGdzBNMuy5bl72nxeVZqtrJ5A11DXZXRZ4mNe_QXAi07MGgD3GY_GmWR-/s1240/gdx%20m%20apr29.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1240" height="620" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhNIN09RrYdUUUIfVuuuLPhvLVgJlm2ELDbCf_wFHfDZhqvsKAOhn393gfu8-xRa8cqVZHlI_UeaanH4z_DtGWVBGOgyIvvOhVpOD23Fk3gwFJ9BayAOADhXINvsAVgqxjKGdzBNMuy5bl72nxeVZqtrJ5A11DXZXRZ4mNe_QXAi07MGgD3GY_GmWR-/w640-h620/gdx%20m%20apr29.png" width="640" /></a></div><br /><p></p><p>Summary <br /></p><p>The miners saw an early April high of $41.60, but cooled back to settle powerfully lower at $34.99. I
would note the 10MA at $32.77, which was again settled
above, as the m/t trend remains bullish. Monthly momentum has stalled just under the key zero threshold. Next target of the Aug'2020 high of $44.76 looks out of range in the near term, not least considering the main market.<br />--</p><p>Three of the key miners...<br />
<br />
Newmont (NEM), monthly <br /></p><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjJ90VSICT-eeZ2UUm8mH1NT2SvowLaeRMLltk-JBtpPgjeWV3mhaES6fKYl6S9k4_61M4samgclF29fCUUfgxSsE7HtLx2c2ygkW4lmIv3BcTSkq0M_M4xcXrbrW3D3cuY2kyKPnruOf7w6syQt61szNSvVZu4RyjaTVjbT1o1Y4GpICR04FwVfv-8/s1250/nem%20m%20apr29.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1250" height="614" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjJ90VSICT-eeZ2UUm8mH1NT2SvowLaeRMLltk-JBtpPgjeWV3mhaES6fKYl6S9k4_61M4samgclF29fCUUfgxSsE7HtLx2c2ygkW4lmIv3BcTSkq0M_M4xcXrbrW3D3cuY2kyKPnruOf7w6syQt61szNSvVZu4RyjaTVjbT1o1Y4GpICR04FwVfv-8/w640-h614/nem%20m%20apr29.png" width="640" /></a></div><p>Newmont broke a new historic high of $86.37, but swung powerfully lower, with a net April decline of -$6.60 (8.3%) to $72.85. I
would note the monthly 10MA at $61.85, which was again settled
above. Monthly
momentum is increasingly positive.<br />--<br />
<br />
Barrick Gold (GOLD), monthly</p><p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgWLAT8l8Nr97NQ3bzb7mKWJYilpW4YbInjMXX1gwTNgf5bIAWQbiu01lTuEUmzldnjV4YKDAXGssIOpSOl1zVQqdubVpcmtBaXQpzV9WlNMeEjAicm6feI-3vbkeKr3F0RZIRRhqZC7TiiJggVq2eacTdF1BbLmDD6IT0aoENZj_g2Yg3Rcrl46rVY/s1250/gold%20m%20apr29.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1250" height="614" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgWLAT8l8Nr97NQ3bzb7mKWJYilpW4YbInjMXX1gwTNgf5bIAWQbiu01lTuEUmzldnjV4YKDAXGssIOpSOl1zVQqdubVpcmtBaXQpzV9WlNMeEjAicm6feI-3vbkeKr3F0RZIRRhqZC7TiiJggVq2eacTdF1BbLmDD6IT0aoENZj_g2Yg3Rcrl46rVY/w640-h614/gold%20m%20apr29.png" width="640" /></a></div><br /><p></p><p>Barrick Gold printed $25.99, but cooled back to settle -$2.22 (9.0%) to $22.31. Momentum still turned positive. A push above the
Aug'2020 high of $30.47 will likely require Gold >$2100.<br />--</p><p>First Majestic Silver (AG), monthly</p><p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgNfBCkhtiHc82CttP4NeSbJkOCuYs7ooE3FgEpmKEZWvOL40eRuSTmkqF0TV37O49tF6jKiR-qqna9xGmDz7WgG-zIFPbeeJRPPPFWrXgmlXjWHuBsQbgsMuWu5StOxassdsI2fNJ4eA5nM_s49-puDV45_yhGLzodI5jcqITWVo1GC9msjJ2ym-jG/s1250/ag%20m%20apr29.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1250" height="614" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgNfBCkhtiHc82CttP4NeSbJkOCuYs7ooE3FgEpmKEZWvOL40eRuSTmkqF0TV37O49tF6jKiR-qqna9xGmDz7WgG-zIFPbeeJRPPPFWrXgmlXjWHuBsQbgsMuWu5StOxassdsI2fNJ4eA5nM_s49-puDV45_yhGLzodI5jcqITWVo1GC9msjJ2ym-jG/w640-h614/ag%20m%20apr29.png" width="640" /></a></div><br /><p></p><p>First Majestic printed $14.59, but swung powerfully lower, seeing a net April decline of -$2.86 (21.7%) to $10.30. The April candle was bearish engulfing, and leans s/t bearish. The m/t broken main market sure isn't helping. <br /></p>--<br />Of the three, yours truly currently favours GOLD. As at April'29,I hold GOLD and AG. <br /><p>For more of the same...</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhEiCEIjf1dnXoEx2UafrlQhe26r2oKkCX2qtVUb7LY7NPqVvVozGvxgcNktZ0HHLaDfknq7LEMGtwWUHCb_G-67fIgKKXA70iwp0MOElHHv6EMq09E7nvYthV9ajdA9SUzvgwBvktP_aPSxWf4aS3N3OPkX91skwCquf9j3Iv-x6zU_IffoWhj9OA1/s601/sunset%20schedule%20nov22.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="337" data-original-width="601" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhEiCEIjf1dnXoEx2UafrlQhe26r2oKkCX2qtVUb7LY7NPqVvVozGvxgcNktZ0HHLaDfknq7LEMGtwWUHCb_G-67fIgKKXA70iwp0MOElHHv6EMq09E7nvYthV9ajdA9SUzvgwBvktP_aPSxWf4aS3N3OPkX91skwCquf9j3Iv-x6zU_IffoWhj9OA1/s16000/sunset%20schedule%20nov22.jpg" /></a></div><br /><p></p><p>For details and the latest offers > <a href="https://www.tradingsunset.com">https://www.tradingsunset.com</a> <br /></p>Trading Sunsethttp://www.blogger.com/profile/13291647197167518399noreply@blogger.comtag:blogger.com,1999:blog-5576507827941457467.post-28477316771006743942022-03-31T21:55:00.003+01:002022-03-31T21:55:58.389+01:00Bullish follow through<p>The gold miner ETF of GDX saw a
net March gain of +$3.97 (11.5%) to $38.35.</p><p>GDX, monthly</p><p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhc3JIlQ2UaVKfa5moVkspysYcMkegRRVaIvsHrOXEdewlV7AbszJ4sVwEEgCYyLIzhDHnP71lGmGtPc35OIBAMhHICTLvUFkRugIxTHRovmNARq4gFoYsL44FQCPCmk1x7i9X3_5oPilEJeVI1X8dAF6Udj3A5DJM7sqOiq_bxtXM14_svDxfGYDUD/s1240/gdx%20m%20mar31.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1240" height="620" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhc3JIlQ2UaVKfa5moVkspysYcMkegRRVaIvsHrOXEdewlV7AbszJ4sVwEEgCYyLIzhDHnP71lGmGtPc35OIBAMhHICTLvUFkRugIxTHRovmNARq4gFoYsL44FQCPCmk1x7i9X3_5oPilEJeVI1X8dAF6Udj3A5DJM7sqOiq_bxtXM14_svDxfGYDUD/w640-h620/gdx%20m%20mar31.png" width="640" /></a></div><br /><p></p><p>Summary <br /></p><p>The miners saw bullish follow through, spiking
to $40.26, if cooling back to settle powerfully higher at $38.35. The February break above m/t declining trend has been fully confirmed. I
would note the 10MA at $32.61, which was again decisively settled above, as the m/t trend is bullish. Monthly momentum will turn positive at the April 1st open, with next target of the Aug'2020 high of $44.76. <br />--</p><p>Three of the key miners...<br />
<br />
Newmont (NEM), monthly </p><p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg5qtCuvlX-hpFaRpMz2kBZhux44Tz-wndi0-E1yeg7st6ybcoiDPoHTondC4riPmP9cwUd11UIEoh72ZUl-QfTkL2u3v6b42Q7cRi1Tr7bk_XADX319l_ET2qtu5nBa3sbJOfO3U2MpzzKwDlPDYYXA58opAkzxPSoF5P7Z0LPPafg_lFKxFD9ccxe/s1250/nem%20m%20mar31.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1250" height="614" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg5qtCuvlX-hpFaRpMz2kBZhux44Tz-wndi0-E1yeg7st6ybcoiDPoHTondC4riPmP9cwUd11UIEoh72ZUl-QfTkL2u3v6b42Q7cRi1Tr7bk_XADX319l_ET2qtu5nBa3sbJOfO3U2MpzzKwDlPDYYXA58opAkzxPSoF5P7Z0LPPafg_lFKxFD9ccxe/w640-h614/nem%20m%20mar31.png" width="640" /></a></div><br /><p></p><p>Newmont lead the sector upward, breaking a new historic high of $81.14, with a net March gain of +$13.72 (20.9%) to $79.45. I
would note the monthly 10MA in the $60s, which was again settled
above. Monthly
momentum has turned positive.<br />--<br />
<br />
Barrick Gold (GOLD), monthly</p><p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgdcrc0WLZxKPrIyWSyffVPqhjgS7pIpQxXxZdABlKkF7wtej2TYvGHEMg3GY5nB3f0FQCCDxgyR7hArJUvs3QIDMgy5z0nfhCdHRK-zwQb8pPwMJRs2nCf-UOlg0KGnElFu1rKTjElGjtLW9N-lnjqeD1bVdcEZNb2FdVJLGj8tnfsxPWSc23d38Bk/s1250/gold%20m%20mar31.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1250" height="614" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgdcrc0WLZxKPrIyWSyffVPqhjgS7pIpQxXxZdABlKkF7wtej2TYvGHEMg3GY5nB3f0FQCCDxgyR7hArJUvs3QIDMgy5z0nfhCdHRK-zwQb8pPwMJRs2nCf-UOlg0KGnElFu1rKTjElGjtLW9N-lnjqeD1bVdcEZNb2FdVJLGj8tnfsxPWSc23d38Bk/w640-h614/gold%20m%20mar31.png" width="640" /></a></div><br /><p></p><p>Barrick Gold climbed for a sixth consecutive month, settling +$1.96 (8.7%) to $24.53. Momentum is due to turn positive as of April 1st. Next target is psy' $30. A push above the
Aug'2020 high of $30.47 will likely require Gold
at least >$2100.<br />--</p><p>First Majestic Silver (AG), monthly</p><p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgb_q-9es8ItB8EFOYcn-kd54zkuYe-NJmclgRQ-D_WybH3RBkyIUZG5o5BXRb_jSPAWrR-1-PjfV0OuA6pLVs48tz6KJwSzwX_KYZI7aMAHcEh1Mjx80Cwy82qg3MZKyyKKxroXwZh20l0c1Yts8KILUXcCvD8VD97zZYAQjEdLjxLOf01iKwyRON8/s1250/ag%20m%20mar31.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1250" height="614" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgb_q-9es8ItB8EFOYcn-kd54zkuYe-NJmclgRQ-D_WybH3RBkyIUZG5o5BXRb_jSPAWrR-1-PjfV0OuA6pLVs48tz6KJwSzwX_KYZI7aMAHcEh1Mjx80Cwy82qg3MZKyyKKxroXwZh20l0c1Yts8KILUXcCvD8VD97zZYAQjEdLjxLOf01iKwyRON8/w640-h614/ag%20m%20mar31.png" width="640" /></a></div><br /><p></p><p>First Majestic saw a net March gain of +$1.93 (17.1%) to $13.16. March settled above the 10MA. Things turn decisive >$15.00. </p>--<br />Of the three, yours truly currently favours GOLD. <br /><p>For more of the same...</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjSZiwdeWPLNj6jQ1rK0aNhMQ1XdSHtX0RhE0Bf25-VWbO0FaYMKcD9U6E0wjYY3Z_LUIW5hidM9-HMSyCwVHBOmSXq76NjAxUTAqEExhcjQbORtMUYn6rFqb_YfRrSSOdcFveb8D8jYX725I1-GzAEAJZCbaD2PT5FzLR4ZwrNHkCyGStg8ldpijBy/s606/sunset%20goldsilver%20finalised.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="360" data-original-width="606" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjSZiwdeWPLNj6jQ1rK0aNhMQ1XdSHtX0RhE0Bf25-VWbO0FaYMKcD9U6E0wjYY3Z_LUIW5hidM9-HMSyCwVHBOmSXq76NjAxUTAqEExhcjQbORtMUYn6rFqb_YfRrSSOdcFveb8D8jYX725I1-GzAEAJZCbaD2PT5FzLR4ZwrNHkCyGStg8ldpijBy/s16000/sunset%20goldsilver%20finalised.jpg" /></a></div><p>For details and the latest offers > <a href="https://www.tradingsunset.com">https://www.tradingsunset.com</a> <br /></p>Trading Sunsethttp://www.blogger.com/profile/13291647197167518399noreply@blogger.comtag:blogger.com,1999:blog-5576507827941457467.post-68327986848167739142022-03-01T10:10:00.000+00:002022-03-01T10:10:18.254+00:00Miners resilient to the main market<p>The gold miner ETF of GDX saw a
net February gain of +$4.15 (13.7%) to $34.38.</p><p>GDX, monthly</p><p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEg_6Zyp55aFeyA8WgpY2v9KQpYweTheeUEFszGgHMRjMGkAzAoZQT8E93HnJthfRDXWa397CY8j2-CG2g5fZd60O06G8Fm5fv9GjifMm975xIzsBFQgP7IkKhJwrt4PHF-DShQk0Kc4J5pKq6KOIvCvJ-3zTydBO-A1fpu5wwinDsNGEu4mo8L2Sb9F=s1240" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1240" height="620" src="https://blogger.googleusercontent.com/img/a/AVvXsEg_6Zyp55aFeyA8WgpY2v9KQpYweTheeUEFszGgHMRjMGkAzAoZQT8E93HnJthfRDXWa397CY8j2-CG2g5fZd60O06G8Fm5fv9GjifMm975xIzsBFQgP7IkKhJwrt4PHF-DShQk0Kc4J5pKq6KOIvCvJ-3zTydBO-A1fpu5wwinDsNGEu4mo8L2Sb9F=w640-h620" width="640" /></a></div><br /><p></p><p>Summary <br /></p><p>The miners rebounded strongly in February, spiking to $36.06, if cooling back to settle powerfully higher at $34.38. The miners were notably resilient to the weak main market. We have a marginal break above m/t declining trend. I
would note the 10MA at $32.65, which was decisively settled above. Soft target 39/40s.<br />--</p><p>Three of the key miners...<br />
<br />
Newmont (NEM), monthly <br /></p><p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEhP37W2vEZqjtdidmRDdxcnT-1LnFBh_xHIWidrRkQBANcxwp487s8Y1R7sx_f0bb-FRls4Fhjrtiys70zJxn-qmBuaZ1NtiAyZ-0D4MFNNglIBtW_i3M_hdO4k4ak8bntQn6TbwZKXCRKgAzy0AzbIr96L-KLXHl9RP8JnheRMeNIwpeG63IyrV0aI=s1250" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1250" height="614" src="https://blogger.googleusercontent.com/img/a/AVvXsEhP37W2vEZqjtdidmRDdxcnT-1LnFBh_xHIWidrRkQBANcxwp487s8Y1R7sx_f0bb-FRls4Fhjrtiys70zJxn-qmBuaZ1NtiAyZ-0D4MFNNglIBtW_i3M_hdO4k4ak8bntQn6TbwZKXCRKgAzy0AzbIr96L-KLXHl9RP8JnheRMeNIwpeG63IyrV0aI=w640-h614" width="640" /></a></div><br /><p></p><p>Newmont broadly climbed with the sector, with a net February gain of +$5.03 (8.2%) to $66.20. I
would note the monthly 10MA in the $60s, which was again settled
above. Monthly
momentum will be prone to turning positive in March/April.<br />--<br />
<br />
Barrick Gold (GOLD), monthly</p><p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEj-oJwaYUPj7ZhOPY7U-aalLoVWM9YvUBONnXG9fh8SWn4HeSkiu8szPwaTNmC7L0tWa5c4yfc4qXBggRUX0XgrgrIioryeBExwtr57MJpwT4yjCvrzrk6yvaIr_NYSvX6fcJFbfbXUoUR64S9aX8F-tFX33T8f4KxbAs7qi6je3YmQt38ni0BkMDVO=s1250" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1250" height="614" src="https://blogger.googleusercontent.com/img/a/AVvXsEj-oJwaYUPj7ZhOPY7U-aalLoVWM9YvUBONnXG9fh8SWn4HeSkiu8szPwaTNmC7L0tWa5c4yfc4qXBggRUX0XgrgrIioryeBExwtr57MJpwT4yjCvrzrk6yvaIr_NYSvX6fcJFbfbXUoUR64S9aX8F-tFX33T8f4KxbAs7qi6je3YmQt38ni0BkMDVO=w640-h614" width="640" /></a></div><br /><p></p><p>Barrick Gold climbed for a fifth consecutive month, settling +$3.50 (18.4%) to $22.57. Momentum is due to turn positive within March/early April. Next target are the $25s, and then psy' $30. A push above the Aug'2020 high of $30.47 will likely require Gold
at least >$2100.<br />--</p><p>First Majestic Silver (AG), monthly</p><p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEigncOwR7zXiQo9cUPKdw9lLw52ACd8vaXsLe_RcACVGzcWiHWMsEABCQattX8vmS9JRvQOeOpTbPp-h1Pn6G63swt3wHwpohnL4k0JPvPQ0th_ZsOYI507cl7NeR5ERAWaoWEl1wjcbNOK-o1YWuzKiSaPvLAf5-uxRWTiq-40xHh3D8w89Z-nC1Bv=s1250" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1250" height="614" src="https://blogger.googleusercontent.com/img/a/AVvXsEigncOwR7zXiQo9cUPKdw9lLw52ACd8vaXsLe_RcACVGzcWiHWMsEABCQattX8vmS9JRvQOeOpTbPp-h1Pn6G63swt3wHwpohnL4k0JPvPQ0th_ZsOYI507cl7NeR5ERAWaoWEl1wjcbNOK-o1YWuzKiSaPvLAf5-uxRWTiq-40xHh3D8w89Z-nC1Bv=w640-h614" width="640" /></a></div><br /><p></p><p>First Majestic saw a net February gain of +$1.08 (10.6%) to $11.24. Still a m/t mess, things turn interesting above the 10MA, currently at $12.86, and decisive >15s. <br /></p>--<br />Of the three, yours truly currently favours GOLD. <br />As of Feb'28th 2022, I hold long via NEM, GOLD (via options) and AG.<br /><p>For more of the same...</p><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEgSwlZz6z2E4FJEIP_xzU4W8HEPTaMSUxCD46Sgr7S8W8YM2BPAl0gbP-hB1K4Xnd7thioj9qCWBA7N_EJnIs1u5NGdvBDpQiVTLRYixX-qa3LIhmvXjNEd5JjmlS0hlV_4a9gzOy1c7UZdP0YqixSL7zkTMMZ_47ReS_EnVnYpmvB8L69G0hRfqmTv=s606" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="360" data-original-width="606" height="380" src="https://blogger.googleusercontent.com/img/a/AVvXsEgSwlZz6z2E4FJEIP_xzU4W8HEPTaMSUxCD46Sgr7S8W8YM2BPAl0gbP-hB1K4Xnd7thioj9qCWBA7N_EJnIs1u5NGdvBDpQiVTLRYixX-qa3LIhmvXjNEd5JjmlS0hlV_4a9gzOy1c7UZdP0YqixSL7zkTMMZ_47ReS_EnVnYpmvB8L69G0hRfqmTv=w640-h380" width="640" /></a></div> <p></p><p>For details and the latest offers > <a href="https://www.tradingsunset.com">https://www.tradingsunset.com</a> <br /></p>Trading Sunsethttp://www.blogger.com/profile/13291647197167518399noreply@blogger.com