Miners still digging upward

The gold miner ETF of GDX saw a net April gain of +$3.04 (6.6%) to $49.01

GDX, monthly 

Summary

The collective of miners climbed for a fourth consecutive month. GDX printed $53.25, the highest since Dec'2011. I would note the 10MA at $39.97, which was settled above, as the m/t trend is bullish.
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Four of the key miners...

Newmont (NEM)

Newmont saw an April gain of +$4.40 (9.1%) to $52.68. I would note the monthly 10MA at $45.17, which was settled above. Monthly momentum ticked back upward. Vol' was a heavy 348M
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Barrick Gold (GOLD)

Barrick saw a net April decline of -$0.40 (2.1%) to $19.04. Momentum ticked a little higher, and is marginally positive. 

NEWS: Barrick Gold is set to rename to Barrick Mining, with the NYSE ticker: GOLD > B, whilst remaining ABX on the TSX. Change to take effect as of the start of May 9th.
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First Majestic Silver (AG) 

First Majestic Silver settled -$0.43 (6.4%) to $6.26, on record vol' of 447M. Momentum is flat-lining on the marginally positive side.

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Pan American Silver (PAAS)

Pan American Silver saw a net April decline of -$0.65 (2.5%) to $25.18, on much higher vol' of 102M. Momentum remains on the moderately high side.
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Of the four, yours truly favours Newmont, which has less of a copper component than Barrick. However, the concern should be the main market. If the broader equity market is net lower into October, the miners will struggle... even if gold continues to climb.

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Miners multi-year high

The gold miner ETF of GDX saw a net March gain of +$6.25 (15.7%) to $45.97.

GDX, monthly 

Summary

The collective of miners climbed for a third consecutive month. GDX printed $46.94, the highest since Oct'2012. I would note the 10MA at $38.42, which was settled above, as the m/t trend is bullish.
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Four of the key miners...

Newmont (NEM)

Newmont saw a March gain of +$5.69 (13.4%) to $42.84. I would note the monthly 10MA at $45.17, which was settled above. Monthly momentum ticked back upward.
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Barrick Gold (GOLD)

Barrick saw a net March gain of +$1.69 (9.5%) to $19.44. Momentum ticked a little higher, and is fractionally positive.
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First Majestic Silver (AG) 

First Majestic Silver saw a low of $5.09, but swung upward to settle +$1.32 (24.6%) to $6.69, on record vol' of 436M. Momentum ticked back upward, remaining marginally positive.

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Pan American Silver (PAAS)

 
Pan American Silver saw a net March gain of +$2.10 (8.8%) to $25.83, on higher vol' of 72M. Momentum remains on the moderately high side.
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Of the four, yours truly favours Newmont, which has less of a copper component than Barrick. However, the concern should be the main market. If the broader equity market is net lower into October, the miners will struggle... even if gold is far higher.

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Miners higher with gold

The gold miner ETF of GDX saw a net February gain of +$0.76 (1.9%) to $39.72, largely helped by gold printing a new hist' high of $2974.00

GDX, monthly 

Summary

The collective of miners climbed for a second consecutive month. I would note the 10MA at $37.31, which was settled above, as the s/t trend is bullish.
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Four of the key miners...

Newmont (NEM)

Newmont saw a February high of $48.23, if cooling back to settle +$0.12 (0.3%) to $42.84. I would note the monthly 10MA at $44.71, which was settled beneath. Monthly momentum ticked lower for a fifth month, but is leveling out.
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Barrick Gold (GOLD)

Barrick saw a net February gain of +$1.47 (9.0%) to $17.75. Momentum ticked a little higher, and is fractionally positive. After some drama, the company and CEO Bristow have reached an agreement with the Mali regime. 
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First Majestic Silver (AG) 

First Majestic Silver saw a net February decline of -$0.32 (5.7%) to $5.37, on record vol' of 389M. Vol' was skewed due to the recently finalised merger with Gatos Silver. Momentum ticked a little lower, if remaining marginally positive.

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Pan American Silver (PAAS)

Pan American Silver saw a net February gain of +$0.62 (2.7%) to $23.83, on marginally higher vol' of 63M. Momentum remains on the moderately high side.
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Of the four, yours truly favours Newmont, which has less of a copper component than Barrick.

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