Miners resume digging

The gold miner ETF of GDX saw a net June decline of -$14.04 (15.7%) to $74.45. 

GDX, monthly 

Summary

The third monthly decline of four. A low of $73.63, but recovering to settle in the mid $75s. A decisive monthly close under the 10MA. Next big support is around $58. Monthly momentum weakened for a fourth month, and will turn negative as of July 1st. RSI has cooled to the 55s. 
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Four of the key miners...

Agnico Eagle Mines (AEM)

 

Agnico fell for a fourth consecutive month, settling -$27.57 (15.1%) to $155.14. A decisive monthly close under the 10MA. Next big support is around $100. Monthly momentum weakened for a fourth month, turning fractionally negative. Vol' picked up to 65M. 
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Newmont (NEM)   

Newmont declined for the third month of four, a net June decline of -$16.41 (14.9%) to $93.40. A decisive monthly close under the 10MA. Next big support is around $76. Monthly momentum weakened for a fourth month, and might turn negative in July. Vol' picked up to 193M
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Barrick Mining (B)

 

Barrick Mining saw a net June decline of -$5.82 (13.7%) to $36.73. A decisive monthly close under the 10MA. Next big support is around $27. Momentum weakened for a fourth month, and due to turn negative in July. Vol' was a little lower at 263M
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Pan American Silver (PAAS)

Pan American Silver saw a net June decline of -$12.20 (21.4%) to $44.79. A decisive monthly close under the 10MA. Next big support is around $35. Momentum weakened for a fourth month, and prone to turning negative in July. Volume picked up to 107M.  
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Of the four, yours truly favours Newmont, but the monthly charts offer zero sign of a floor/turn. Arguably, even the bold will be sitting back, and waiting for a cyclical turn, which will likely be some months away. 

For more of the same...  https://www.tradingsunset.com 

Miners leveling out

The gold miner ETF of GDX saw a net May gain of +$1.20 (1.4%) to $89.49. 

GDX, monthly 

Summary

A low of $83.32, but recovering to settle in the mid $89s. Monthly momentum weakened for a third month. The May candle is rather spiky on the lower side, from the 10MA. RSI has cooled to the 65s. 
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Four of the key miners...

Agnico Eagle Mines (AEM)

Agnico fell for a third month, settling -$5.06 (2.7%) to $183.15. Monthly momentum weakened for a third month. Vol' was u/c at 44M. 
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Newmont (NEM)   

Newmont saw a net May decline of -$1.02 (0.9%) to $108.25. April's black candle played out. Monthly momentum weakened for a third month. Vol' declined to 141M
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Barrick Mining (B)

Barrick Mining saw a net May gain of +$3.38 (8.6%) to $39.34. Momentum weakened for a third month. Vol' picked up to 269M
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Pan American Silver (PAAS)

Pan American Silver saw a net May gain of -$4.87 (9.3%) to $52.29. Momentum weakened for a third month. Volume picked up to 105M.  
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Of the four, yours truly favours Newmont. If gold has floored (as of Thurs', May 28th) from the daily 200MA, then the related gold/silver miners are all valid targets at this time and price.

For more of the same...  https://www.tradingsunset.com 

Miners still digging

The gold miner ETF of GDX declined for a second consecutive month, to settle -$3.48 (3.8%) to $88.29. 

GDX, monthly 

 

Summary

A bounce to $102.39, but resuming lower to settle in the $88s, as the March bearish engulfing candle played out. Monthly momentum weakened for a second month. RSI has cooled to the 64s.

Considering the SPX was +10.4% in April, the miners performed even worse. 
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Four of the key miners...

Agnico Eagle Mines (AEM)

 

Agnico fell for a second month, settling -$14.77 (7,3%) to $188.21. Monthly momentum weakened for a second month. Vol' declined to 44M. 
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Newmont (NEM)  

 

Newmont saw a net April gain of +$2.84 (2.6%) to $108.25. The monthly candle is black, and leans bearish for May. Monthly momentum weakened for a second month. Vol' declined to 168M
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Barrick Mining (B)

 

Barrick Mining saw a net April decline of -$1.45 (3.5%) to $39.34. Momentum weakened for a second month. Vol' declined to 223M
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Pan American Silver (PAAS)

Pan American Silver saw a net April decline of -$2.34 (4.3%) to $52.29. Momentum weakened for a second month. Volume was cut in half to 95M.  
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Of the four, yours truly favours Newmont. However, gold, silver, and the miners are short/mid term broken. Based on the monthly candles, even the bold will leave them alone at this time. 

For more of the same...  https://www.tradingsunset.com