Gold Mining Stocks Have Yet to Attract the Institutions

By: readtheticker | Wed, Mar 26, 2014
Print Email
gold panning

Yes, some of the gold mining stocks have popped on the back of the recent gold rally, but so far the institutional money has yet to pile in boots and all.

By viewing the chart for Newmont Mining Corp (NEM) a large cap mining stock you can see that it has yet to enjoyed a strong rally. This suggest the institutions have yet to jump into this sector. But you notice the cycle suggest a rally is due in the months ahead. Wyckoff traders would like to see a nice base formed rather than a 'V' reversal, so chart watchers will place this stock on your list.

From the two charts below you notice two positives to the chart reader (1) it cycles well, (2) and it is in a well respected long term channel.

The Newmont Mining chart goes back to 1950, where as charting data for the XAU and HUI do not, hence this gold mining stock chart has more value. It is suggest folks study this chart with gold price (GLD) and (!INDU) to review the relationships between stocks and gold during up and down swings.

The swing

NEM Newmont Mining Corp Chart
Larger Image

The big channel

NEM Newmont Mining Corp Chart
Larger Image

NOTE: does allow users to load objects and text on charts, however some annotations are by a free third party image tool named

Investing Quote

"It cost me millions to learn that another dangerous enemy to a trader is his susceptibility to the urgings of a magnetic personality when plausibly expressed by a brilliant mind." ~ Jesse Livermore

"The time of maximum pessimism is the best time to buy and the time of maximum optimism is the best time to sell" ~ John Templeton




Author: readtheticker


We are financial market enthusiasts using methods expressed by the Gann, Hurst and Wyckoff with a few of our own proprietary tools. provides online stock and index charts with commentary. We are not brokers, bankers, financial planners, hedge fund traders or investment advisors, we are private investors.

LEGAL DISCLAIMER: The material is presented for educational purposes only and may contain errors or omissions and are subject to change without notice. (or 'RTT') members and or associates are NOT responsible for any actions you may take on any comments, advice,annotations or advertisement presented in this content. This material is not presented to be a recommendation to buy or sell any financial instrument (including but not limited to stocks, forex, options, bonds or futures, on any exchange in the world) or as 'investment advice'. members may have a position in any company or security mentioned herein.

Copyright © 2011-2017

All Images, XHTML Renderings, and Source Code Copyright ©