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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