Fight the FAANGman (For Scoremore)
FAANGman, FAANGman, hold it a little while. Think I see my friends coming. Riding a many mile.
Friends did you get some silver? Did you get a little gold?
What did you bring me my dear friends, to keep me from the gallows pole?
Gallows Pole – Led Zeppelin
I agree with Scoremore. We must call upon our golden champions to resist the Nasdaq 100 and their FAANG goons as long as we can.
Kirkland Lake (KL)
Besting the NDX since 2016. FAANGman has not broken the uptrend on the KL:$NDX ratio. Up over 50% in 2018 while the NDX has profited a paltry 2.5% this year.
Anglogold Ashanti (AU)
AU’s ratio against the $NDX has broken out of a multiyear falling wedge in October 2018. Anglogold Ashanti is up 37% since October first, while the Nasdaq 100 has suffered a 14% decline in the same period.
Barrick Gold (ABX)
ABX:$NDX made a double bottom on its ratio chart. We also see December 2018’s monthly candle breaking above a multiyear downtrend line. A breakout is also being attempted on ABX’s nominal chart in December 2018.
It is possible to make money in select PMs outside of the Nasdaq 100. Fight the FAANGman!
-Harry
Thanks Harry : I needed that
🙂
No problem Fully. I think it’s valuable to benchmark our favorite miners against the NDX as an added confirmation signal. I’ll post additional “FAANG Fighters” as I see them!