The gold sector is on fire. GDXJ is a leader in the ETF universe up over 40% YTD. According to the Stage Analysis below GLD, GDX, and SIL all transitioned into Stage 1 this week. On individual gold stocks, over 70% of the stocks listed below are now in Stage 1 or Stage 2. The volume in GDXJ and GDX were also huge last week, GDXJ traded over 25 million shares for the week which blew away previous record volume. GDX had it’s second most up volume ever last week. SIL had it’s most up volume since 2011.
GLD and SLV continued to move higher last week, but haven’t seen near the increase in volume that the gold miner ETFs have. I’d like to see the volume in those ETFs increase to confirm the new uptrend. Also I would expect to see some type of pullback or consolidation occur in the gold sector sometime soon, given the huge gains.
Stage Analysis
| Ticker | Stage | Weeks |
| GLD | 1 | 1 |
| GDX | 1 | 1 |
| SIL | 1 | 1 |
| GDXJ | 1 | 2 |
| PALL | 3 | 3 |
| PPLT | 4 | 3 |
| SLV | 4 | 22 |
| Totals | ||
| Stage 1 | 57.2% | |
| Stage 2 | 0.0% | |
| Stage 3 | 14.3% | |
| Stage 4 | 28.6% | |
Stage Transitions
GLD transitioned from Stage 4 to Stage 1
GDX transitioned from Stage 4 to Stage 1
SIL transitioned from Stage 4 to Stage 1
Stage Analysis
| Ticker | Stage | Weeks |
| AG | 1 | 1 |
| AUY | 1 | 1 |
| EGO | 1 | 1 |
| GOLD | 1 | 1 |
| HL | 1 | 1 |
| KGC | 1 | 1 |
| NGD | 1 | 1 |
| PZG | 1 | 1 |
| RVM | 1 | 1 |
| SAND | 1 | 1 |
| SLW | 1 | 1 |
| VGZ | 1 | 1 |
| GG | 1 | 2 |
| LODE | 1 | 2 |
| ANV | 1 | 3 |
| AU | 1 | 3 |
| RIC | 1 | 3 |
| AAU | 1 | 4 |
| GSS | 1 | 4 |
| PVG | 1 | 4 |
| ABX | 1 | 5 |
| AEM | 1 | 5 |
| AUQ | 1 | 5 |
| MVG | 1 | 5 |
| THM | 1 | 5 |
| AXU | 2 | 1 |
| EXK | 2 | 1 |
| MDW | 2 | 1 |
| MGN | 2 | 1 |
| MUX | 2 | 1 |
| NG | 2 | 1 |
| PAAS | 2 | 1 |
| PPP | 2 | 1 |
| RBY | 2 | 1 |
| RGLD | 2 | 1 |
| SSRI | 2 | 2 |
| LSG | 2 | 2 |
| ASM | 2 | 3 |
| FNV | 2 | 3 |
| TAHO | 2 | 3 |
| NSU | 2 | 4 |
| BRD | 2 | 5 |
| SWC | 2 | 7 |
| AGI | 4 | 14 |
| SVM | 4 | 16 |
| SA | 4 | 20 |
| IAG | 4 | 21 |
| AKG | 4 | 21 |
| TRX | 4 | 21 |
| CDE | 4 | 23 |
| DRD | 4 | 42 |
| PAL | 4 | 52 |
| TGD | 4 | 52 |
| NAK | 4 | 53 |
| BAA | 4 | 66 |
| NEM | 4 | 66 |
| BVN | 4 | 70 |
| GFI | 4 | 77 |
| GORO | 4 | 83 |
| HMY | 4 | 102 |
| XRA | 4 | 126 |
| Totals | ||
| Stage 1 | 41.0% | |
| Stage 2 | 29.6% | |
| Stage 3 | 0.0% | |
| Stage 4 | 29.6% | |
Stage Transitions
AG transitioned from Stage 4 to Stage 1
AUY transitioned from Stage 4 to Stage 1
EGO transitioned from Stage 4 to Stage 1
GOLD transitioned from Stage 4 to Stage 1
HL transitioned from Stage 4 to Stage 1
KGC transitioned from Stage 4 to Stage 1
NGD transitioned from Stage 4 to Stage 1
PZG transitioned from Stage 4 to Stage 1
RVM transitioned from Stage 4 to Stage 1
SAND transitioned from Stage 4 to Stage 1
SLW transitioned from Stage 4 to Stage 1
VGZ transitioned from Stage 4 to Stage 1
AXU transitioned from Stage 1 to Stage 2
EXK transitioned from Stage 1 to Stage 2
MDW transitioned from Stage 1 to Stage 2
MGN transitioned from Stage 1 to Stage 2
MUX transitioned from Stage 1 to Stage 2
NG transitioned from Stage 1 to Stage 2
PAAS transitioned from Stage 1 to Stage 2
PPP transitioned from Stage 1 to Stage 2
RBY transitioned from Stage 1 to Stage 2
RGLD transitioned from Stage 1 to Stage 2
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