Yesterday in Charting and Chat, I noted the vast out-performance...

Yesterday in Charting and Chat, I noted the vast out-performance of the XGD Gold Miners sub-Industry Index.

I've been doing a bit of research on the Gold Miners. Here's a graph giving ratings for the largest (actually some are minnows) miners in the sector.



Numbers after each Ticker Symbol gives the rating for the stock.

Standouts are SBM and RMS.

Dogs are OCG, TGZ and PRU.

Avoid anything under the zero line - they are under-performing the sub-industry index (XGD).

Here's the GLD (US$ Gold) Chart:



GLD is in a symmetrical triangle. It currently looks likely to at least hit the restraining line of the triangle.

Looking at the indicators, there's a good chance that a break above the restraining line is likely. If a break does occur we should see more upside. A test of the 200-Day MA would then be on the cards.

Just don't bet on this at the moment. See if the break upside occurs.

The XGD has been outperforming GLD since mid-August, so an upside break in GLD should mean a lot more upside in our better Gold Mining Stocks. All speculation at this stage.

RB

RB.