Lower highs, lower lows

The gold miner ETF of GDX was lower for the fourth month of five, -$1.35 (1.8%) to $74.10. 

GDX, monthly 

 

Summary

A high of $80.18, but cooling back to settle in the low $74s. A second monthly close under the 10MA. Next big support is around $58. Monthly momentum weakened for a fifth month, and is sustainably negative. RSI has cooled to the 55s. 
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Four of the key miners...

Agnico Eagle Mines (AEM)

 

Agnico fell for a fifth consecutive month, settling -$9.86 (6.4%) to $145.27. Next big support is around $100. Monthly momentum weakened for a fifth month, and is sustainably negative. Vol' declined to 55M
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Newmont (NEM)   

 

Newmont saw a net July gain of +31cents (0.3%) to $93.71. A second monthly close under the 10MA. Next big support is around $76. Monthly momentum weakened for a fifth month, and due to turn negative in August. Vol' declined to 161M
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Barrick Mining (B)

 

Barrick Mining settled u/c at $36.73. A second monthly close under the 10MA. Next big support is around $27. Momentum weakened for a fifth month, and due to turn negative in August. Vol' declined to 174M
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Pan American Silver (PAAS)

 

Pan American Silver saw a net July decline of -$1.68 (3.7%) to $43.11. A second monthly close under the 10MA. Next big support is around $35. Momentum weakened for a fifth month, and prone to turning negative in August. Volume declined to 84M 
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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 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