GDX is attempting to break free from the downtrend line which is coincidently at the 50 day sma…it already regained the 200 day sma yesterday.  Chart is not great, but hopefully you see the big picture.  Those who got out looking to get back in this is a nice place to do it.  Or you can wait for it to clear the line, and wait for the gentleman’s entry which is typically the backtest of the downtrend line…however, it doesn’t always happen.

SIL is however still working on it’s uptrend line….another strategy would be to wait for the confirmation from SIL to break the line as well.  I bought more last week when BPGDM hit zero, and have been adding select miners since then.  Biggest disappointment right now AUMB.V….but I am waiting patiently as it is supposed to be producing next year.  When next year, not sure.  However, I am loving AYA right now and it will be added to the GDX on June 19th, just in case you didn’t know.

Aya Gold & Silver announced on June 16, 2026, that it will be included in the VanEck Gold Miners ETF (GDX) effective at the close of trading on June 19, 2026, as part of GDX’s quarterly rebalance.

And for timing regarding PM’s, this is historically not a bad time to buy.  Note the typical bottom in June timeframe with an advance to the end of September…I play craps, and this is a good time to bet the box numbers.  Hoping the 7 out is at least another 10 rolls away….

Just as I post, the usual FED smackdown..not too worried.