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 

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