Net April gains

The gold miner ETF of GDX ended the month on a weak note, -2.0% at $22.28, but that still resulted in a net monthly gain of +1.3%. Near term outlook is offering further broad chop. Things turn decisive if Gold >$1400, which would offer hyper upside in GDX to $50 by mid 2019.


GDX monthly

GDX daily

Summary

Suffice to add, a bearish end to the month, but the miners did manage a sig' net monthly gain. More broadly, its all been chop since early 2017. An eventual upside break appears very probable.
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The two biggest components of GDX are NEM and ABX

Newmont Mining, monthly

Newmont saw the fifth net monthly gain of the past six months, is technically m/t bullish, with soft target of the 45s, and secondary of 52/53s.
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Barrick Gold, monthly

A second consecutive monthly gain for Barrick Gold, but still technically m/t bearish, and that only changes if >16.00 from May 1st onward.
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Both stocks have seen recent good earnings. NEM is technically superior, but both look fine for the mid term.