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. 
-

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
-- 

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
--

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
--

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 
--

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.
-

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
-- 

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
--

Barrick Mining (B)

 

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

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 
--

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 

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. 
-

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
-- 

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
--

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
--

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 
--

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