In Focus: Gold Sector Stocks
With the breakout in Spot Gold in US Dollars this week with strong volume, it's time to use the Forest to the Trees approach from page 75 and delve into the sector.
I did a scan of the US and Canadian gold mining sectors with a price greater than 0.5 and excluding the over the counter markets. Of the 174 results, I've whittled it down to following in terms of stocks that look interesting from a Stage Analysis perspective imo. I'm not saying any are a buy or not right now, as not many meet any sort of risk parameters that I follow, so I'll leave it to you to do your own due diligence. So it's just that these are showing the best characteristics of the all the gold and silver charts that I've looked over tonight.Â
To compare against each other to find the strongest stocks in the sector, I'd recommend using the Mansfield RS score of each to make a relative performance table.
ABX-TO, AEM-TO, AG, AGI, ASR-TO, AU, AUG, CG-TO, DGC-TO, DPM-TO, DRD, EGO, FNV, GBR-V, GCM-TO, GFI, GGI-V, GOLD, GSS, HMY, IVN-TO, KGC, KL-TO, LIO-V, LUG-TO, MAG, NG, OM-V, OR, OSK-TO, PRU-TO, RNX.TO, RGLD, SAND, SBGL, SMF-TO, SVM-TO, TMQ-TO, VGZ, WDO-TO, WPM-TO
I'll post the charts over a few posts as there are 41 charts to look through.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.