Commentary

Gold Stocks Still Suffering Negative Price Momentum

December 19, 2016

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.

Download the full report:
gold-mining_20161216-003