Nice going. Great chart. I've been spending a lot of time focusing on this trade setup. The key for me is picking the survivors from those that are bleeding cash and wont survive. There are a basket of gold stocks that are trading for less than the cash on their balance sheet. This is "back up the truck" time. Your chart is a good example of why we can look for fertile returns in this area for the next 3-18 months.
rv
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Thank you Tim. In total agreement, in this difficult environment, for these stocks, no question about that. Irrespective of any recovery rallies for the sector, identifying the survivors may be indeed, the key for the next few months.
elcololp
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Please Tim, share with us , which gold miners are trading for less than the cash on their balance sheet! Thanks!
Would you like to comment on this chart now, please!
Glenn
rv
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Hi, Pretty extreme under valuation, as you can see. This does not mean it can go higher, but this extreme not seen.
HUI, potential fake move, needs to close above gap, trend_Line, to regain interest though.
Iskandarglenn
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Thank You rv,
Yes I thought it most interesting to review a chart i followed.
Massive oversell perhaps again.
Though not so much in Australia and Australian Gold stocks this time.
As Australian Gold stocks have doubled in SP from the last low./high on chart.
The Aussie$ must be going to bite the dust!
rv
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you welcome. Yes, thanks for commenting. ( correct word wanted to use above, "this does not mean it cannot go higher" ).
Iskandarglenn
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River_54,
Thank you for this chart.
It has been quiet profitable.
I see gold shares the world round have recovered, 50% or better in places...with lowering currencies.
Would you like to draw your thoughts on ABC please!
Glenn.