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.
Barrick
Newmont
Franco Nevada
iShares TSX Global Gold Index ETF (XGD.TO)
….related from Jordan Roy-Byrne: