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Sequential TD9's in Gold Miners

Technical observations of RossClark@shaw.ca

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

Barrick Gold Chart
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Newmont

Newmont Mining Chart
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Franco Nevada

Franco Nevada Chart
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iShares TSX Global Gold Index ETF (XGD.TO)

iShares TSX Global Gold Index ETF (XGD.TO) Chart
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