GDX monthly
GDX, daily
Summary
A fourth net monthly gain of six months for the gold miners.
With Gold breaking above the decisive $1400 threshold, the related miners are naturally following.
After a choppy few years, it would seem the time for gold and the miners is now.
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The two biggest components of GDX...
Newmont Goldcorp, monthly
NEM climbed for the 7th month 9, settling +16.7% to $48.37, a decisive settlement above declining trend/resistance. M/t bullish, soft target 50/51s.
Barrick Gold, monthly
GOLD settled +$3.35 (27.0%) to $15.77. Soft target are the $21s.
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Both miners are unquestionably superb, and comprise 11.9% and 10.4% of the ETF of GDX respectively.
