Shares of the most gold mining companies are underperforming the gold bullion prices. Rising cash costs and not paying dividend are among the reasons for recent divergence. Are shares closing gaps? While it’s too early to judge by a one day data, the gains across the gold miners were impressive. Gold Fields rose 3.9% and US Gold 4.4%. GDX is forming short-term support at $52. While gold prices remain in a weak poison short term, it will be key for the shares to hold on to the recent support levels. Monitor the complete list of gold stocks.
