Miners still digging

The gold miner ETF of GDX was very powerfully lower in October, -$10.71 (12.2%) to $77.09. 

GDX, monthly

Summary

A high of $89.63, but spiraling lower to settle in the $77s, as original H/S target of 79/78s has been met. Monthly momentum is moderately negative. Relative to gold/silver, the miners are holding up, still above their July lows.
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Four of the key miners...

Agnico Eagle Mines (AEM)

 

Agnico was powerfully lower, settling -$17.89 (9.8)) to $165.38. Monthly momentum ticked lower, and remains moderately negative. Vol' was a little lower at 39M
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Newmont (NEM)  

 

Newmont saw a net October decline of -$8.73 (7.6%) to $106.61. Monthly momentum ticked lower, and is due to turn negative as of Nov'2nd. Vol' was a little lower at 127M
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Barrick Mining (B)

 

Barrick Mining settled -$3.66 (9.0%) to $37.01. Momentum ticked lower, and has turned negative. Vol' declined to 153M.. the lowest since around 2012. 
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Pan American Silver (PAAS)

 

Pan American Silver saw a net October decline of -$7.53 (16.5%) to $37.98. Momentum has turned negative. Next big support are the $35s from 2020.Volume picked up to 83M 
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Of the four, yours truly favours Newmont. The cautious will have been on the sidelines, and waiting for a main market washout before the midterms... as is happening. 

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Miners cooling back

The gold miner ETF of GDX was powerfully lower in September, -$10.71 (10.9%) to $87.80. 

GDX, monthly

Summary

A high of $101.71, but cooling back to settle in the $87s. Monthly momentum ticked back lower, and remains marginally negative. S/t bearish with gold/silver, and the main market. H/S target 79/78s. 
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Four of the key miners...

Agnico Eagle Mines (AEM)

Agnico was powerfully lower, settling -$19.39 (9.6%) to $183.27. Monthly momentum ticked back lower, and remains moderately negative. Vol' was a considerably lower 41M
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Newmont (NEM)  

Newmont saw a net September decline of +$10.46 (8.3%) to $115.34. Monthly momentum ticked back lower. Vol' was marginally lower at 144M
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Barrick Mining (B)

Barrick Mining settled -$4.16 (9.3%) to $40.67. Momentum ticked back lower, and is due to turn negative as of Oct'1st. Vol' declined to 180M
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Pan American Silver (PAAS)

Pan American Silver saw a net September decline of -$6.41 (12.3%) to $45.51. Momentum has turned negative. Next big support is around $35.Volume declined to 72M 
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Of the four, yours truly favours Newmont. The cautious will arguably be on the sidelines, and hoping for a main market washout before the midterms, which would likely see the metals/miners cool back... if briefly. 

For more of the same...  https://www.tradingsunset.com 
 

Powerfully rebounding miners

The gold miner ETF of GDX was massively higher in August, +$24.41 (32.9%) to $98.51. 

GDX, monthly 

Summary

A high of $105.67, but cooling back to settle in the $98s. Monthly momentum ticked back upward, due to turn positive as of Sept'1st.
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Four of the key miners...

Agnico Eagle Mines (AEM)

Agnico was massively higher settling +$57.84 (39.8%) to $203.11. Monthly momentum has started to tick back upward. Vol' increased to 75M
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Newmont (NEM)  

Newmont saw a net August gain of +$32.35 (34.5%) to $126.06. New historic high of $135.29, which is very impressive, considering gold is around $1000 below the January high. Monthly momentum ticked back upward. Vol' was marginally higher at 171M
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Barrick Mining (B)

 

Barrick Mining settled +$8.24 (22.5%) to $36.73. Momentum has started to tick back upward. Vol' increased to 255M
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Pan American Silver (PAAS)

 

Pan American Silver saw a net August gain of +$8.96 (20.9%) to $51.92. A second monthly close under the 10MA. Next big support is around $35. Momentum weakened for a sixth month, settling fractionally positive. Volume increased to 111M 
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Of the four, yours truly favours Newmont. The cautious will arguably be on the sidelines, and hoping for a main market washout before the midterms, which would likely see the metals/miners cool back... if briefly. 
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Lower highs, lower lows

The gold miner ETF of GDX was lower for the fourth month of five, -$1.35 (1.8%) to $74.10. 

GDX, monthly 

 

Summary

A high of $80.18, but cooling back to settle in the low $74s. A second monthly close under the 10MA. Next big support is around $58. Monthly momentum weakened for a fifth month, and is sustainably negative. RSI has cooled to the 55s. 
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Four of the key miners...

Agnico Eagle Mines (AEM)

 

Agnico fell for a fifth consecutive month, settling -$9.86 (6.4%) to $145.27. Next big support is around $100. Monthly momentum weakened for a fifth month, and is sustainably negative. Vol' declined to 55M
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Newmont (NEM)   

 

Newmont saw a net July gain of +31cents (0.3%) to $93.71. A second monthly close under the 10MA. Next big support is around $76. Monthly momentum weakened for a fifth month, and due to turn negative in August. Vol' declined to 161M
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Barrick Mining (B)

 

Barrick Mining settled u/c at $36.73. A second monthly close under the 10MA. Next big support is around $27. Momentum weakened for a fifth month, and due to turn negative in August. Vol' declined to 174M
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Pan American Silver (PAAS)

 

Pan American Silver saw a net July decline of -$1.68 (3.7%) to $43.11. A second monthly close under the 10MA. Next big support is around $35. Momentum weakened for a fifth month, and prone to turning negative in August. Volume declined to 84M 
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Of the four, yours truly favours Newmont, but the monthly charts offer zero sign of a floor/turn. Arguably, even the bold will be sitting back, and waiting for a cyclical turn, which will likely be some months away. 

For more of the same...  https://www.tradingsunset.com 

Miners resume digging

The gold miner ETF of GDX saw a net June decline of -$14.04 (15.7%) to $74.45. 

GDX, monthly 

Summary

The third monthly decline of four. A low of $73.63, but recovering to settle in the mid $75s. A decisive monthly close under the 10MA. Next big support is around $58. Monthly momentum weakened for a fourth month, and will turn negative as of July 1st. RSI has cooled to the 55s. 
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Four of the key miners...

Agnico Eagle Mines (AEM)

 

Agnico fell for a fourth consecutive month, settling -$27.57 (15.1%) to $155.14. A decisive monthly close under the 10MA. Next big support is around $100. Monthly momentum weakened for a fourth month, turning fractionally negative. Vol' picked up to 65M. 
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Newmont (NEM)   

Newmont declined for the third month of four, a net June decline of -$16.41 (14.9%) to $93.40. A decisive monthly close under the 10MA. Next big support is around $76. Monthly momentum weakened for a fourth month, and might turn negative in July. Vol' picked up to 193M
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Barrick Mining (B)

 

Barrick Mining saw a net June decline of -$5.82 (13.7%) to $36.73. A decisive monthly close under the 10MA. Next big support is around $27. Momentum weakened for a fourth month, and due to turn negative in July. Vol' was a little lower at 263M
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Pan American Silver (PAAS)

Pan American Silver saw a net June decline of -$12.20 (21.4%) to $44.79. A decisive monthly close under the 10MA. Next big support is around $35. Momentum weakened for a fourth month, and prone to turning negative in July. Volume picked up to 107M.  
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Of the four, yours truly favours Newmont, but the monthly charts offer zero sign of a floor/turn. Arguably, even the bold will be sitting back, and waiting for a cyclical turn, which will likely be some months away. 

For more of the same...  https://www.tradingsunset.com 

Miners leveling out

The gold miner ETF of GDX saw a net May gain of +$1.20 (1.4%) to $89.49. 

GDX, monthly 

Summary

A low of $83.32, but recovering to settle in the mid $89s. Monthly momentum weakened for a third month. The May candle is rather spiky on the lower side, from the 10MA. RSI has cooled to the 65s. 
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Four of the key miners...

Agnico Eagle Mines (AEM)

Agnico fell for a third month, settling -$5.06 (2.7%) to $183.15. Monthly momentum weakened for a third month. Vol' was u/c at 44M. 
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Newmont (NEM)   

Newmont saw a net May decline of -$1.02 (0.9%) to $108.25. April's black candle played out. Monthly momentum weakened for a third month. Vol' declined to 141M
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Barrick Mining (B)

Barrick Mining saw a net May gain of +$3.38 (8.6%) to $39.34. Momentum weakened for a third month. Vol' picked up to 269M
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Pan American Silver (PAAS)

Pan American Silver saw a net May gain of -$4.87 (9.3%) to $52.29. Momentum weakened for a third month. Volume picked up to 105M.  
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Of the four, yours truly favours Newmont. If gold has floored (as of Thurs', May 28th) from the daily 200MA, then the related gold/silver miners are all valid targets at this time and price.

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Miners still digging

The gold miner ETF of GDX declined for a second consecutive month, to settle -$3.48 (3.8%) to $88.29. 

GDX, monthly 

 

Summary

A bounce to $102.39, but resuming lower to settle in the $88s, as the March bearish engulfing candle played out. Monthly momentum weakened for a second month. RSI has cooled to the 64s.

Considering the SPX was +10.4% in April, the miners performed even worse. 
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Four of the key miners...

Agnico Eagle Mines (AEM)

 

Agnico fell for a second month, settling -$14.77 (7,3%) to $188.21. Monthly momentum weakened for a second month. Vol' declined to 44M. 
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Newmont (NEM)  

 

Newmont saw a net April gain of +$2.84 (2.6%) to $108.25. The monthly candle is black, and leans bearish for May. Monthly momentum weakened for a second month. Vol' declined to 168M
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Barrick Mining (B)

 

Barrick Mining saw a net April decline of -$1.45 (3.5%) to $39.34. Momentum weakened for a second month. Vol' declined to 223M
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Pan American Silver (PAAS)

Pan American Silver saw a net April decline of -$2.34 (4.3%) to $52.29. Momentum weakened for a second month. Volume was cut in half to 95M.  
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Of the four, yours truly favours Newmont. However, gold, silver, and the miners are short/mid term broken. Based on the monthly candles, even the bold will leave them alone at this time. 

For more of the same...  https://www.tradingsunset.com 

Monstrous reversal

The gold miner ETF of GDX saw a monstrous downside reversal, swinging from a new hist' high of $117.18, to settle -$24.07 (20.8%) to $91.77. 

GDX, monthly 

 

Summary

A new hist' high of $117s, but imploding to the $78s, and settling in the $91s. Monthly momentum has rolled over. RSI has cooled to the 67s. 

Most notable of all... the March candle is bearish engulfing, and bodes distinctly s/t bearish for April, and perhaps some months. 
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Four of the key miners...

Agnico Eagle Mines (AEM)

 

Agnico broke a new hist' high of $255.24, if cooling back for a net March decline of -$48.17 (19.2%) to $202.98. Monthly momentum has rolled over. Vol' picked up to 69M. 
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Newmont (NEM)  

 

Newmont saw a net March decline of -$21.49 (16.6%) to $108.25. The monthly candle is bearish engulfing. Monthly momentum rolled over. Vol' picked up to 266M 
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Barrick Mining (B)

 

Barrick Mining saw a net March decline of -$9.95 (19.6%) to $40.79. The monthly candle is bearish engulfing. Momentum rolled over. Vol' was a little higher at 338M
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Pan American Silver (PAAS)

 

Pan American Silver saw a net March decline of -$13.89 (20.3%) to $54.63. Momentum rolled over. Volume was a historic 189M.  
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Of the four, yours truly favours Newmont. However, gold, silver, and the miners are short/mid term broken. Based on the monthly candles, even the bold will leave them alone at this time. 

For more of the same...  https://www.tradingsunset.com 

 

Powerful and profitable miners

The gold miner ETF of GDX broke a new historic high, with a net February gain of +$21.64 (23.0%) to $115.84. 

GDX, monthly 

 

Summary

A very positive end to the month, breaking a new historic high of $115.99. Monthly momentum accelerated upward, and is on the extremely high side. Monthly RSI 89s remains very overbought. 
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Four of the key miners...

Agnico Eagle Mines (AEM)

 

Agnico broke a new hist' high of $252.78, if cooling back for a net February gain of +$61.10 (32.1%) to $251.60. Monthly momentum accelerated upward, and is on the very high side. Vol' was a reduced 49.7M. 
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Newmont (NEM) 

 

Newmont saw a net February gain of +$17.65 (15.7%) to $130.00. Monthly momentum ticked higher, and is on the extremely high side. Vol' was a pretty standard 183M 
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Barrick Mining (B)

Barrick Mining saw a net February gain of +$5.33 (11.7%) to $50.74. Momentum is on the very high side. Vol' was a little lower at 321M
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Pan American Silver (PAAS)

 

Pan American Silver saw a net February gain of +$14.10 (25.8%) to $68.60. Volume remained a high 159M.  
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Of the four, yours truly favours Newmont.

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