GDX, monthly
GDX, daily
Summary
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.
Key miners...
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 >2K.
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Of the two, yours truly favours GOLD, but both are tier'1 quality miners.
