Gold Miners Update
The charts presented in the post show that gold mining stocks have performed fairly well since the bottom in late May and they have outperformed global macro asset classes – see the chart below.
Some people will argue that these miners are in overbought territory but that does not always mean they have to servilely correct.
Discussion
1 Comment
Aug 15, 2014 15:01 PM
The miners (HUI) finished the week higher. More importantly, they also outperformed gold.
http://stockcharts.com/h-sc/ui?s=GLD:$HUI&p=W&yr=3&mn=0&dy=0&id=p03644530073&a=361374318