Gold Stocks Still Suffering Negative Price Momentum

REPORT SUMMARY:

  •  TRENDRATING PICKING UP MOMENTUM DEGRADATION IN GOLD MINING STOCKS SINCE AUGUST
  •  CONTINUING DOWNGRADES IMPLY FURTHER UNDERPERFORMANCE OF THIS SECTOR
  •  SOUTH AFRICAN GOLD MINERS ARE CURRENT SUFFERING THE WORST PERFORMANCE

2016 Ratings Evolution:

The chart below displays the distribution of momentum among Global Mining Stocks. Since end of August, Trendrating has picked up a sharp degradation of momentum for Gold Miners. 86% of the rating changes in the last three months have been for stocks moving to negative momentum.

gold-miners

Download the full report:

gold-mining_20161216-003

 

 

 

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