GDX monthly
GDX daily
Summary
Suffice to add, even though GDX saw the first net monthly decline since Sept'2018, the miners did break a new multi-month high. The m/t trend is still leaning upward. Things turn decisive above the Feb'2017 high of $25.37.
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key miners...
Barrick Gold (GOLD)
A net monthly decline of -5.6% to $12.64. The market is not entirely happy with Barrick now seeking a merger with Newmont.
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Newmont Mining (NEM)
Newmont settled +1cent to $34.12. The company is still in the process of finalising a merger with Goldcorp (GG). That merger is itself in jeopardy due to the attempted merger from Barrick Gold.
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For the record, I don't want to see the two biggest miners merge. There is little to be gained, other than very minor reductions in management/admin costs.
