Monstrous reversal

The gold miner ETF of GDX saw a monstrous downside reversal, swinging from a new hist' high of $117.18, to settle -$24.07 (20.8%) to $91.77. 

GDX, monthly 

 

Summary

A new hist' high of $117s, but imploding to the $78s, and settling in the $91s. Monthly momentum has rolled over. RSI has cooled to the 67s. 

Most notable of all... the March candle is bearish engulfing, and bodes distinctly s/t bearish for April, and perhaps some months. 
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Four of the key miners...

Agnico Eagle Mines (AEM)

 

Agnico broke a new hist' high of $255.24, if cooling back for a net March decline of -$48.17 (19.2%) to $202.98. Monthly momentum has rolled over. Vol' picked up to 69M. 
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Newmont (NEM)  

 

Newmont saw a net March decline of -$21.49 (16.6%) to $108.25. The monthly candle is bearish engulfing. Monthly momentum rolled over. Vol' picked up to 266M 
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Barrick Mining (B)

 

Barrick Mining saw a net March decline of -$9.95 (19.6%) to $40.79. The monthly candle is bearish engulfing. Momentum rolled over. Vol' was a little higher at 338M
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Pan American Silver (PAAS)

 

Pan American Silver saw a net March decline of -$13.89 (20.3%) to $54.63. Momentum rolled over. Volume was a historic 189M.  
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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 

 

Powerful and profitable miners

The gold miner ETF of GDX broke a new historic high, with a net February gain of +$21.64 (23.0%) to $115.84. 

GDX, monthly 

 

Summary

A very positive end to the month, breaking a new historic high of $115.99. Monthly momentum accelerated upward, and is on the extremely high side. Monthly RSI 89s remains very overbought. 
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Four of the key miners...

Agnico Eagle Mines (AEM)

 

Agnico broke a new hist' high of $252.78, if cooling back for a net February gain of +$61.10 (32.1%) to $251.60. Monthly momentum accelerated upward, and is on the very high side. Vol' was a reduced 49.7M. 
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Newmont (NEM) 

 

Newmont saw a net February gain of +$17.65 (15.7%) to $130.00. Monthly momentum ticked higher, and is on the extremely high side. Vol' was a pretty standard 183M 
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Barrick Mining (B)

Barrick Mining saw a net February gain of +$5.33 (11.7%) to $50.74. Momentum is on the very high side. Vol' was a little lower at 321M
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Pan American Silver (PAAS)

 

Pan American Silver saw a net February gain of +$14.10 (25.8%) to $68.60. Volume remained a high 159M.  
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Of the four, yours truly favours Newmont.

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

Wild month for the miners

The gold miner ETF of GDX saw a net January gain of +$8.43 (9.8%) to $94.20. 

GDX, monthly 

 

Summary

The collective of miners printed a new historic high of $113.50, if spiraling back to settle at $94.20. January's candle is very spiky on the upper side, and threatens further cooling in early February. Monthly momentum ticked upward, and is on the very high side. Monthly RSI 85s remains overbought. 
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Four of the key miners...

Agnico Eagle Mines (AEM)

 

Agnico broke a new hist' high of $225.00, if cooling back for a net January gain of +$20.97 (12.4%) to $190.50. Monthly momentum ticked a touch upward, and is on the very high side. Vol' picked up to 60.2M. 
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Newmont (NEM) 

 

Newmont broke a new hist' high of $134.88, if cooling back for a net January gain of +$12.50 (12.5%) to $112.35. Monthly momentum ticked a little higher, and is on the extremely high side. Vol' was a pretty standard 205M 
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Barrick Mining (B)

 

Barrick Mining broke a new hist' high of $54.69, if cooling back for a net January gain of +$2.24 (5.1%) to $45.79. Momentum is on the very high side. Vol' was a little higher at 325M
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Pan American Silver (PAAS)

 

Pan American Silver printed a new hist' high of $69.99, if cooling back for a net January gain of +$2.79 (5.4%) to $54.60. Volume was a historic 186M.  
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Of the four, yours truly favours Newmont.

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