#GDX vs SPYGold miners testing an important level of horizontal support vs. the SPY (relative chart). If it fails to hold 0.062, we could get further underperformance from gold miners relative to SPY. On the contrary a hold of this support and we could see gold miners start to outperform the general market. For that to happen it would be important to see a reversal form off this support (not happened yet).
Relativecomparison
JSE Gold Stock ComparisonGold stocks have been a leading sector in the Resources Sector. Currently, there has been some climactic action and I am expecting some consolidation. However, once the consolidation has completed which stock to take positions in on the next swing. Comparing the relative strength of ANG, SGL, HAR and GFI we see that ANG is the leader of the pack. GFI has also been strong in the latter part of 2018 but has some weakness in the background.