Saturday, 28 February 2026

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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