Gold Prices
Gold miner prices
It’s not just juniors who are dropping in price. Intermediates and majors have all taken hits.
Gold is down over $100 from March 2018, from $1,361 to $1,253, or about -8%.
GDX is down from $23.06 in April 2018, from to $21.81, or -5.4%.
The price drop of some intermediate and juniors miners has been greater.
I’ve seen MGMLF (USA) go up or down on a paltry few hundred shares.
Press releases in a rising gold market are more likely to bring price appreciation versus what happens in a dropping or stagnant gold market, which we’ve had of late.
When gold prices start to make new highs, which can easily be in the next 6-12 months, we should see a better day for gold miners of all sizes.