Sequential TD9’s in Gold Miners

Posted by Ross Clark for Bob Hoye - Institutional Investorsonal Investors

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Technical observations of

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.

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Franco Nevada

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iShares TSX Global Gold Index ETF (XGD.TO)

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….related from Jordan Roy-Byrne:

A Bit More Downside Potential in Gold Stocks