With precious metals on the climb, the related mining stocks similarly followed. The ETF of GDX of settled higher by a rather powerful 4.4% @ $24.26 - the highest level since Sept'2014. If Gold can push to the $1400/1500s this year... GDX is headed for the 35/40 zone - which will make for a 200% gain since the Dec'2015 low.
GDX, daily
GDX, monthly
Summary
With one trading day left of the month, the miners are set for another powerful net monthly gain of around 21%.
The precious metals look very strong, holding well above the breakout as achieved in February.
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*If Gold 1400/1500s.. GDX should be in the $35/40 zone by late summer/early autumn.
