Goldhedge
02-08-2012, 11:33 PM
A Miner Key - Turd's Latest Thinking on Gold and Silver Miners
Wednesday, February 8, 2012 at 4:17 pm
I've received quite a few requests lately for some technical analysis of some of our favorite gold and silver miners. Fortunately, today, I finally had some time to actually do the work necessary to write one. Here you go!
Of course, there's a lot more to evaluating the miners than simply Technical Analysis (TA). Production costs, provable reserves and hedging practices are all fundamental measurements for mining companies and anyone willing to invest considerable sums of money into these shares must be willing to do this additional homework. For those of you too bored or too lazy to go to all of this trouble, I present the charts below.
Before we can look at any individual equity, we must first examine the chart of the HUI (the Amex "Gold Bugs" index). If you want to look closer at the index, here's a link from your "friends" at Kitco:
http://www.kitco.com/pop_windows/stocks/hui.html
As you can see on the chart below, the HUI has been in a roughly 100-point range for the past 18 months. Though the index is just 15 stocks, it can be useful in ascertaining the general trend of the gold and silver miners. Being aware of this trend will help you to assess the relative strength or weakness of any individual issue. For example, individual equities that are out-performing the HUI should catch your attention while those that are under-performing should, perhaps, be avoided.
More here:
http://www.tfmetalsreport.com/blog/3361/miner-key-turds-latest-thinking-gold-and-silver-miners
Wednesday, February 8, 2012 at 4:17 pm
I've received quite a few requests lately for some technical analysis of some of our favorite gold and silver miners. Fortunately, today, I finally had some time to actually do the work necessary to write one. Here you go!
Of course, there's a lot more to evaluating the miners than simply Technical Analysis (TA). Production costs, provable reserves and hedging practices are all fundamental measurements for mining companies and anyone willing to invest considerable sums of money into these shares must be willing to do this additional homework. For those of you too bored or too lazy to go to all of this trouble, I present the charts below.
Before we can look at any individual equity, we must first examine the chart of the HUI (the Amex "Gold Bugs" index). If you want to look closer at the index, here's a link from your "friends" at Kitco:
http://www.kitco.com/pop_windows/stocks/hui.html
As you can see on the chart below, the HUI has been in a roughly 100-point range for the past 18 months. Though the index is just 15 stocks, it can be useful in ascertaining the general trend of the gold and silver miners. Being aware of this trend will help you to assess the relative strength or weakness of any individual issue. For example, individual equities that are out-performing the HUI should catch your attention while those that are under-performing should, perhaps, be avoided.
More here:
http://www.tfmetalsreport.com/blog/3361/miner-key-turds-latest-thinking-gold-and-silver-miners