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