IAMGOLD Corporation (IAG) is in the number one position at the close of the week on the trend following gold miners stock watchlist.
The buy date was October 21st on the close at $1.38. The gain is 34.06%. See stock chart below:
IAMGOLD Corporation (IAG)
This post is trend following. This is not a forecast or prediction. There are no business fundamentals or economic fundamentals in this analysis.
All the gold and silver miner stocks on the list are currently on a trend following Buy signal. The signal occurs when the stock price goes from below the "Trend Quality" indicator zero line to above. Two ETFs, GDX and GDXJ, are included for comparison.
There are a total of 66 US Listed precious metals stocks. The number of stocks on Buy signal, as of 11/08/2022, is 25. The list is sorted by Watch % gain.
| Name | Symbol | Date Added | Last | Watch Start | Watch % | Watch Days |
|---|---|---|---|---|---|---|
| Coeur Mining, Inc. | CDE | 09/29/22 | 4.32 | 3.41 | 26.83 | 40 |
| Harmony Gold Mining Co | HMY | 10/03/22 | 3.24 | 2.58 | 25.39 | 36 |
| IAMGOLD Corporation | IAG | 10/21/22 | 1.67 | 1.38 | 21.36 | 18 |
| Alamos Gold Inc. | AGI | 10/25/22 | 8.51 | 7.75 | 9.81 | 14 |
| Newmont Corporation | NEM | 11/04/22 | 44.75 | 40.99 | 9.17 | 4 |
| Fortuna Silver Mines Inc. | FSM | 11/07/22 | 3.22 | 2.96 | 8.78 | 1 |
| Agnico Eagle Mines Limited | AEM | 11/07/22 | 46.45 | 43.08 | 7.82 | 1 |
| NovaGold Resources Inc. | NG | 11/04/22 | 5.24 | 4.87 | 7.6 | 4 |
| AngloGold Ashanti Limited | AU | 11/07/22 | 15.96 | 14.87 | 7.36 | 1 |
| First Majestic Silver Corp. | AG | 11/04/22 | 9.58 | 8.96 | 6.86 | 4 |
| VanEck Gold Miners ETF | GDX | 11/07/22 | 26.86 | 25.15 | 6.78 | 1 |
| Comp Buenaventura | BVN | 11/04/22 | 7.84 | 7.37 | 6.31 | 4 |
| Kinross Gold Corporation | KGC | 11/07/22 | 4.13 | 3.89 | 6.17 | 1 |
| Endeavour Silver Corp. | EXK | 11/04/22 | 3.83 | 3.62 | 5.8 | 4 |
| VanEck Junior Gold Miners ETF | GDXJ | 11/07/22 | 33.22 | 31.46 | 5.59 | 1 |
| Hycroft Mining Holding Corp | HYMC | 11/04/22 | 0.78 | 0.74 | 5.41 | 4 |
| Hecla Mining Company | HL | 11/07/22 | 5.04 | 4.79 | 5.11 | 1 |
| Wheaton Precious Metals Corp. | WPM | 11/08/22 | 35.77 | 35.77 | 0 | 0 |
| Silvercorp Metals Inc. | SVM | 11/08/22 | 2.74 | 2.74 | 0 | 0 |
| Sibanye Stillwater Limited | SBSW | 11/08/22 | 10.18 | 10.18 | 0 | 0 |
| New Gold Inc. | NGD | 11/08/22 | 1.06 | 1.06 | 0 | 0 |
| Barrick Gold Corporation | GOLD | 11/08/22 | 15.61 | 15.61 | 0 | 0 |
| Gold Fields Limited | GFI | 11/08/22 | 9.85 | 9.85 | 0 | 0 |
| Eldorado Gold Corporation | EGO | 11/08/22 | 6.7 | 6.7 | 0 | 0 |
| Yamana Gold Inc. | AUY | 11/08/22 | 5.04 | 5.04 | 0 | 0 |
Fed Ex gaps down
Fed Ex $FDX (FDX) gaps down 22% today. Chill, the economy is great. The last sell signal was August 24th shown on the chart below.
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| Fed Ex (FDX) |
Exxon Mobil (XOM) trading in excess of a 125% annualized rate of growth over a 200 day moving average. See stock chart below:
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| Exxon Mobil (XOM) |
Prudhoe Bay Royalty Trust (BPT) is currently trading in excess of a 500% annualized rate of growth over a 200 day moving average.
See stock chart below:
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| Prudhoe Bay Royalty Trust (BPT) |
LYFT dropped below the rate of inflation 273 days ago, Aug. 4th 2021. That's when the negative real rate of return (RRR) began. As of yesterday, according to a market blog, "sellside that as of yesterday had 26 Buys and 13 Holds", as it crashes 33% this morning. Just guessing this is still in a famed "innovation" ETF.
Real Rate of Return stock chart below:
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| LYFT (LYFT) |
Never mind multiple stop loss sell signals going back weeks and months. The stock plunged below the rate of inflation @ 15%, last November.
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| Amazon (AMZN) |
21 stocks are long. See the list here: Gold miners
Newmont Corp. (NEM) $NEM is in a long term rally, exceeding an annualized rate of gain in excess of 50% over a 10 month moving average.
As tech stocks collapse, and builders and banks are deconstructing, large gold miners continue to outperform. The upward volatility, over a monthly chart, is a good way to analyze the market. Stock chart below:
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| Newmont Corp. (NEM) |
The Nutrien Ltd. (NTR) rally continues, similar to Mosaic (MOS). Both companies are in the agriculture chemical business.
Nutrien is trendfollowing along a 200 day moving average at a a rate of 150% annualized gain. See stock chart below:
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| Nutrien (NTR) |
The Mosaic Company (MOS) is trending along at a 300% annualized rate of growth over a 200 day moving average..see stock chart below:
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| Mosaic (MOS) |
Newmont Corporation (NEM) a large cap gold mining company breakouts out.
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| Newmont (NEM) breakout |
| AU | Anglogold Ashanti Ltd |
| AUY | Yamana Gold Inc |
| BVN | Compania De Minas Buena |
| EGO | Eldorado Gold Corporation |
| FNV | Franco Nevada Corp |
| GDX | VanEck Vectors Gold Miners ETF |
| GFI | Gold Fields Ltd Adr |
| GLDG | Goldmining Inc |
| GOLD | Barrick Gold Corp |
| HMY | Harmony Gold Mining Co |
| IAG | Iamgold Corp |
| NEM | Newmont Corporation |
| NGD | New Gold Inc |
| OR | Osisko Gold Royalties Ltd |
| RGLD | Royal Gold Inc |
| SAND | Sandstorm Gold Limited |
| SBSW | Sibanye Stillwater Ltd |
| SSRM | SSR Mining Inc |
| WPM | Wheaton Precious Metals Corp |
Symbol GFI GLDG BVN SBSW HMY AU SSRM AUY EGO GOLD NEM RGLD IAG SAND NGD GDX EQX FNV HL OR GLD WPM RWM PSQ BTG SLV DRD SA SH AGI PAAS SPY MAG NG MTA EXK QQQ AEM AG IWM GORO FSM SVM AXU KGC NFGC PLG CDE MUX GATO | Company Gold Fields Ltd Adr Goldmining Inc Compania De Minas Buena Sibanye Stillwater Ltd Harmony Gold Mining Co Anglogold Ashanti Ltd SSR Mining Inc Yamana Gold Inc Eldorado Gold Corporation Barrick Gold Corp Newmont Corporation Royal Gold Inc Iamgold Corp Sandstorm Gold Limited New Gold Inc Gold Miners ETF Equinox Gold Corp Franco Nevada Corp Hecla Mining Co Osisko Gold Royalties Ltd SPDR Gold Trust Wheaton Precious Metals Short Russell 2000 ProShares Short QQQ ETF B2 Gold Corp iShares Silver Trust ETF DRD Gold Ltd Adr Seabridge Gold Inc Short S&P500 ETF Alamos Gold Inc Pan Amer Silver Cp SPDRs S&P 500 ETF Mag Silver Corp Novagold Resources Inc Metalla Royalty Endeavour Silver Corp Invesco QQQTrust Ser 1 Agnico Eagle Mines Ltd First Majestic Silver Corp Russell 2000 Index ETF Gold Resource Corp Fortuna Silver Mines Silvercorp Metals In Alexco Resource Corp Kinross Gold Corp New Found Gold Corp Platinum Group Metal Coeur Mining` Inc. McEwen Mining Inc. Gatos Silver Inc | % Diff 33.7 24.3 19.6 17.2 15.7 14.7 14.4 10.7 9.3 8.5 8.3 8.3 6 5.1 2.1 1.4 0.4 0.1 -0.4 -0.5 -0.7 -1.2 -1.6 -3 -3.1 -3.7 -4.6 -4.6 -7 -7.3 -8.6 -8.9 -10.9 -11.4 -13 -13.4 -13.4 -13.6 -14.7 -14.9 -16.5 -16.8 -17.5 -18.6 -19.7 -20.1 -25.5 -36.5 -38.8 -71.1 |
Nutrien Ltd (NTR) - Sector: Basic Materials Industry: Agricultural Inputs. Worlds largest, by market cap, fertilizer producer. Trailing Dividend Yield 2.48%. Trading in excess of 20% annualized rate of growth, over 200 day moving average, outpacing inflation. Looking to breakout today,.. or this week, we'll see what happens. Alot of these "materials" type stocks are inverse to the S&P 500 Index, lately. See stock charts below: 1) relative strength, 20% annualized rate of growth 2) resistance, break out pivot at $77.32.
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| Nutrien (NTR) relative strength |
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| Nutrien (NTR) breakout pivot |
The United States Oil Fund (USO), LONG, pulls back and holds a reversal at $62.75. See stock chart below:
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| United States Oil Fund (USO) |
| MUSA | Murphy USA Inc | ENERGY - Oil & Gas Refining & Marketing |
| MUR | Murphy Oil Corp | ENERGY - Oil & Gas Refining & Marketing |
| CLMT | Calumet Specialty Products Partners | ENERGY - Oil & Gas Refining & Marketing |
| AR | Antero Resources Corporation | ENERGY - Oil & Gas Refining & Marketing |
| FLNG | FLEX LNG Ltd | ENERGY - Oil & Gas Pipelines |
| ENLC | EnLink Midstream LLC | ENERGY - Oil & Gas Equipment & Services |
| DEN | Denbury Inc | ENERGY - Oil & Gas Equipment & Services |
| CDEV | Centennial Resource Development Inc | ENERGY - Oil & Gas Equipment & Services |
| NOG | Northern Oil and Gas | ENERGY - Oil & Gas Drilling & Exploration |
| MRO | Marathon Oil Group | ENERGY - Oil & Gas Drilling & Exploration |
| HPK | HighPeak Energy Inc | ENERGY - Oil & Gas Drilling & Exploration |
| ERF | Enerplus Resources Fund | ENERGY - Oil & Gas Drilling & Exploration |
| CPG | Crescent Point Energy | ENERGY - Oil & Gas Drilling & Exploration |
| LNG | Cheniere Energy Inc | ENERGY - Oil & Gas Drilling & Exploration |
| CVE | Cenovus Energy Incorporated | ENERGY - Oil & Gas Drilling & Exploration |
| CRC | California Resources Corporation | ENERGY - Oil & Gas Drilling & Exploration |
| OVV | Ovintiv Inc | ENERGY - Major Integrated Oil & Gas |
| OXY | Occidental Petro Cp | ENERGY - Major Integrated Oil & Gas |
| COP | ConocoPhillips | ENERGY - Major Integrated Oil & Gas |
| EGY | Vaalco Energy Inc | ENERGY - Independent Oil & Gas |
| PXD | Pioneer Natural Rescs Co | ENERGY - Independent Oil & Gas |
| PBT | Permian Basin Royalty Tr | ENERGY - Independent Oil & Gas |
| PDCE | PDC Energy` Inc. | ENERGY - Independent Oil & Gas |
| NFG | National Fuel Gas Co | ENERGY - Independent Oil & Gas |
| MTDR | Matador Resources Company | ENERGY - Independent Oil & Gas |
| KRP | Kimbell Royalty Partners | ENERGY - Independent Oil & Gas |
| FANG | Diamondback Energy` Inc. | ENERGY - Independent Oil & Gas |
| DVN | Devon Energy Corp | ENERGY - Independent Oil & Gas |
| CLR | Continental Resources Inc | ENERGY - Independent Oil & Gas |
| CRK | Comstock Resources Inc | ENERGY - Independent Oil & Gas |
| CIVI | Civitas Resources Inc | ENERGY - Independent Oil & Gas |
| CNQ | Canadian Natural Res Ltd | ENERGY - Independent Oil & Gas |
| BRY | Berry Corp | ENERGY - Independent Oil & Gas |
| APA | APA Corporation | ENERGY - Independent Oil & Gas |
Natural Resource Partners Lp (NRP), trading in excess of 23% above The US Oil Fund ETF (USO) is trading over near term resistance. See stock chart below:
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| Natural Resource Partners Lp (NRP) |
The (TLT) ETF, on AVOID, weekly chart is holding a reversal (support and resistance) at $140.50. A weekly close below this level will suggest a continuation of selling pressure. The Real Rate of Return over a 200 day average is about –15%. See stock chart below:
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| 20+ year Treasury Bond ETF (TLT) |
Pdc Energy, Inc. is engaged in the exploration and and production of crude oil. Weekly chart, if it closes over $59.04, will make another 52 week high. See stock chart below:
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| PDC Energy (PDCE) |
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| Short S&P 500 Index ETF (SH) |
The Russell 2000 ETF (IWM), on Avoid, trading today at $205 continues to deteriorate, and breaks under the next long term Reversal (support and resistance) at $208.10. .see stock chart below.
Oil, and Energy stocks, Long. Gold, Treasury Bonds, Avoid... Inflation trade? Whatever is trading in excess of 20% annualized long term.
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| Russell 2000 Index ETF (IWM) |
Sym
|
Name
|
Trend Score % diff
|
XLE
|
SPDRs Select Sector Energy ETF
|
12.28
|
XLP
|
SPDRs Select Sector Con Staples ETF
|
1.34
|
XLF
|
SPDRs Select Sector Financial ETF
|
0.78
|
XLK
|
SPDRs Select Sector Technology ETF
|
-1.22
|
XLB
|
SPDRs Select Sector Materials ETF
|
-1.44
|
SPY
|
SPDRs S&P 500 Trust Series ETF
|
-1.86
|
XLU
|
SPDRs Select Sector Utilities ETF
|
-1.98
|
XLRE
|
Real Estate Select Sector SPDR Fund
|
-2.50
|
XLI
|
SPDRs Select Sector Industrial ETF
|
-2.70
|
XLY
|
SPDRs Select Sector Cons Disc ETF
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-3.00
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XLV
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SPDRs Select Sector Health Care ETF
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-3.10
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XLC
|
Communication Serv Sector SPDR ETF
|
-7.92
|
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| S&P Commodity Index ETF (GSG) reversal point |
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| (GSG) relative to DB Commodity Index (DBC) |
The Nasdaq 100 Index (NDX) is leading the way down versus the S&P 500 Index (SPX). Looking at weeklies (5 day look backs), The NDX is breaking a major reversal (support and resistance) area at $15,483.
The Nasdaq 100 Index lead the way up, along with Tech, is now leading the way down. Expect a rating downgrade from Long to Neutral. See stock chart below:
The 1X Inverse Nasdaq 100 Index ETF (PSQ) is breaking out on the weekly reversals. Expect a rating upgrade Neutral to Long. from See stock chart below:
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| Nasdaq 100 Index (NDX) |
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| Inverse Nasdaq 100 Index ETF (PSQ) |
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| Twitter versus The S&P 500 Index |
Analyzing weekly reversals of the 20+ year Treasury Bond ETF (TLT), a significant long term pivot area is identified just below trading trading today. The TLT is trading today at $142. The pivot area (support and resistance) where a high number of reversals occur, is $141.60. Continued selling, and closing under the pivot suggests a continuation of deterioration. Interest rates continue to rise. The stock chart below shows the TLT pivot area.
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| Long Term Treasury Bond ETF (TLT) |
The SPDR Gold Trust (GLD) continues to under-perform, gaps down and trades under last weeks low of $167.30. The sideways chop continues. Energy stocks are stronger than gold and the stock stocks. See stock chart below:
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| SPDR Gold ETF (GLD) |
The S&P 500 Index $SPX #SPX, weeklys, broke out, and took out two down side reversals in December. That reversal or pivot number is $4,730. That also lines up with last weeks low of $4,734. So a take out of this price action would make the Bears grin. see stock chat below:
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| S&P 500 Index (SPX) |
The Ark Innovation ETF (ARKK) when compared to the SPDR Sector ETFs, on a relative strength basis, over a 200 day moving average, where the S&P 500 SPDR ETF (SPY) is the benchmark, continues to drastically underperform. Here are the numbers:
| Sym | ETF | % Diff |
| XLK | SPDRs Select Sector Technology ETF | 5.8 |
| XLY | SPDRs Select Sector Cons. Discr. ETF | 4.5 |
| XLRE | Real Estate Select Sector SPDR Fund | 3 |
| SPY | SPDRs S&P 500 Trust Series ETF | 0 |
| XLE | SPDRs Select Sector Energy ETF | -0.4 |
| XLV | SPDRs Select Sector Health Care ETF | -0.8 |
| XLP | SPDRs Select Sector Cons Staples ETF | -1.2 |
| XLU | SPDRs Select Sector Utilities ETF | -2.5 |
| XLB | SPDRs Select Sector Materials ETF | -2.8 |
| XLF | SPDRs Select Sector Financial ETF | -3.9 |
| XLI | SPDRs Select Sector Industrial ETF | -6.6 |
| XLC | Comm. Serv. Sector SPDR Fund | -9.9 |
| ARKK | ARK Innovation ETF | -23.2 |