The gold miner ETF of GDX ended the month on a very positive note, settling +$1.12 (3.1%) to $36.68, and that made for a net June gain of +$2.36 (6.9%). The miners remain m/t bullish with Gold.
A third consecutive net monthly gain for the gold miners, with a June high of $36.72, just a little shy of the May high. Having cleared the 2016
high, m/t bullish to 50/52.
Newmont (NEM), monthly
A net June gain of +$3.52 (6.0%) to $61.74. The June candle has a powerful hyper spike floor from $52.33, and leans s/t bullish. M/t bullish to giant psy'100... which is viable before year end.
Barrick Gold (GOLD), monthly
A net June gain of +$2.94 (12.2%) to $26.94. The June candle has a spike floor from $22.13,
and leans distinctly s/t bullish. M/t bullish, with
soft target of the
$37s. New historic highs >50.11, will clearly require Gold sustainably
Of the two, yours truly favours GOLD, but both are tier'1 quality miners.