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Sequential TD9's In Gold Miners

August 27, 2016

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]

Bob Hoye is the chief financial strategist of Institutional Advisers.


Gold is the official state mineral of Alaska.
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