Miners still digging

The gold miner ETF of GDX was very powerfully lower in October, -$10.71 (12.2%) to $77.09. 

GDX, monthly

Summary

A high of $89.63, but spiraling lower to settle in the $77s, as original H/S target of 79/78s has been met. Monthly momentum is moderately negative. Relative to gold/silver, the miners are holding up, still above their July lows.
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Four of the key miners...

Agnico Eagle Mines (AEM)

 

Agnico was powerfully lower, settling -$17.89 (9.8)) to $165.38. Monthly momentum ticked lower, and remains moderately negative. Vol' was a little lower at 39M
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Newmont (NEM)  

 

Newmont saw a net October decline of -$8.73 (7.6%) to $106.61. Monthly momentum ticked lower, and is due to turn negative as of Nov'2nd. Vol' was a little lower at 127M
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Barrick Mining (B)

 

Barrick Mining settled -$3.66 (9.0%) to $37.01. Momentum ticked lower, and has turned negative. Vol' declined to 153M.. the lowest since around 2012. 
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Pan American Silver (PAAS)

 

Pan American Silver saw a net October decline of -$7.53 (16.5%) to $37.98. Momentum has turned negative. Next big support are the $35s from 2020.Volume picked up to 83M 
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Of the four, yours truly favours Newmont. The cautious will have been on the sidelines, and waiting for a main market washout before the midterms... as is happening. 

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

Miners cooling back

The gold miner ETF of GDX was powerfully lower in September, -$10.71 (10.9%) to $87.80. 

GDX, monthly

Summary

A high of $101.71, but cooling back to settle in the $87s. Monthly momentum ticked back lower, and remains marginally negative. S/t bearish with gold/silver, and the main market. H/S target 79/78s. 
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Four of the key miners...

Agnico Eagle Mines (AEM)

Agnico was powerfully lower, settling -$19.39 (9.6%) to $183.27. Monthly momentum ticked back lower, and remains moderately negative. Vol' was a considerably lower 41M
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Newmont (NEM)  

Newmont saw a net September decline of +$10.46 (8.3%) to $115.34. Monthly momentum ticked back lower. Vol' was marginally lower at 144M
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Barrick Mining (B)

Barrick Mining settled -$4.16 (9.3%) to $40.67. Momentum ticked back lower, and is due to turn negative as of Oct'1st. Vol' declined to 180M
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Pan American Silver (PAAS)

Pan American Silver saw a net September decline of -$6.41 (12.3%) to $45.51. Momentum has turned negative. Next big support is around $35.Volume declined to 72M 
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Of the four, yours truly favours Newmont. The cautious will arguably be on the sidelines, and hoping for a main market washout before the midterms, which would likely see the metals/miners cool back... if briefly. 

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

Powerfully rebounding miners

The gold miner ETF of GDX was massively higher in August, +$24.41 (32.9%) to $98.51. 

GDX, monthly 

Summary

A high of $105.67, but cooling back to settle in the $98s. Monthly momentum ticked back upward, due to turn positive as of Sept'1st.
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Four of the key miners...

Agnico Eagle Mines (AEM)

Agnico was massively higher settling +$57.84 (39.8%) to $203.11. Monthly momentum has started to tick back upward. Vol' increased to 75M
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Newmont (NEM)  

Newmont saw a net August gain of +$32.35 (34.5%) to $126.06. New historic high of $135.29, which is very impressive, considering gold is around $1000 below the January high. Monthly momentum ticked back upward. Vol' was marginally higher at 171M
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Barrick Mining (B)

 

Barrick Mining settled +$8.24 (22.5%) to $36.73. Momentum has started to tick back upward. Vol' increased to 255M
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Pan American Silver (PAAS)

 

Pan American Silver saw a net August gain of +$8.96 (20.9%) to $51.92. A second monthly close under the 10MA. Next big support is around $35. Momentum weakened for a sixth month, settling fractionally positive. Volume increased to 111M 
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Of the four, yours truly favours Newmont. The cautious will arguably be on the sidelines, and hoping for a main market washout before the midterms, which would likely see the metals/miners cool back... if briefly. 
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For more of the same...  https://www.tradingsunset.com