JSE Gold Miners: After An 80% Rally, Two Charts of Interest

Trade JSE Gold Miners with Unum Capital.

To get started, email lester@unum.co.za

Since November, Gold Miners have rallied between 80% and 100%, with the specific gains as follows:

ANG R430 to R811 (+86%)

GFI R240 to R474 (+97%)

HAR R160 to R326 (+100%)

JSE Gold Miners (Equally-Weighted) - Monthly Chart Trading at a long term inflection point.

JSE Gold Miners (Equally-Weighted) Relative To The JSE Top 40 Index

Previous Post: The graphic below is an extract from the report (The Sum of the Charts) dated Monday 18 November (2024) and highlights the price action model readings which was taken during the analyst's research as at the close of trade on Thursday 14 November (2024).

The readings coincided with the range lows for the share and has subsequently staged substantial rallies over the period. This is NOT ONLY for the 1 to 10 day time frames (where the model stated that the reward-to-risk had become attractive for a buy/long position, but ALSO for the 5 to 8 week time frames which stated that there was a probability of a rebound (see both ANG and GFI). Scroll down to view all three charts as well as the levels which coincided with the readings.