Sequential TD9's In Gold Miners
share
share
share
share
share
Seven of the nine gold miners with market capitalizations over 10 billion Cad$ have generated TD Sequential 9 Sell Setups during this year's rally. The most common reaction is a correction back to the 20-month exponential moving average. Longer-term investors should be patient.
|
|
20-month ema |
EMA Support US$ / (Cad$) |
|
|
ABX |
Barrick Gold Corp |
5 of 6 since 1986 |
$15.25 / (Cad$ 18.90) |
|
NEM |
Newmont Mining |
4 of 5 since 1968 |
$30 |
|
FNV |
Franco Nevada |
2 of 2 since 2007 |
$59 / (Cad$ $76) |
|
AEM |
Agnico Eagle Mines |
1 of 2 since 1997 |
$39 / (Cad$ 50) |
|
GOLD |
Randgold |
1 of 2 since 2003 |
$86 |
|
FRES.L |
Fresnillo |
None |
$16 |
|
NCM.AX |
Newcrest |
2 of 2 since 2003 |
$13 |
Barrick
Newmont
Franco Nevada
iShares TSX Global Gold Index ETF (XGD.TO)
Technical observations of [email protected]
share
share
share
share
share
Bob Hoye is the chief financial strategist of Institutional Advisers.
