NEW YORK (TheStreet) -- Gold stocks are cheap now, compared to the precious metal itself. Comex gold futures declined just 1.5% in 2014, while gold miner Barrick Gold (ABX) crumbled 39%, Yamana Gold (AUY) plunged 53%, Goldcorp (GG) lost 15% and Newmont Mining (NEM) was down 18%.

So what should traders do in 2015?

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Gold miner shares are a hedge against stock market volatility and economic uncertainties, including the risk of deflation. A $10,000 investment in Homestake Mining in October 1929 rose to $62,000 in December 1935, for example.

Here's how to trade the gold miners.

The bubble for Comex gold began to inflate from $730.30 the Troy ounce in October 2008. The bubble peak was $1,923.70, in early September 2011. The recent low for gold was $1,130.40 on Nov. 7, with the four gold mining stocks setting lows between Oct. 31 and Dec. 24.

Barrick Gold ($10.68) lost 39% in 2014 after trading as high as $21.45 on Feb. 25. The stock is down just 0.7% so far in 2015 and is 50% below the 2014 high. Barrick Gold has been below its 200-day simple moving average since Sept. 2, when this average was $18.12. The stock tested its 50-day simple moving average at $11.53 on Tuesday, and is well below its 200-day simple moving average, now at $15.63.

The weekly chart shifts to positive given a close this week above its key weekly moving average at $11.37. The stock has been below its 200-week simple moving average since October 2012, with that average now at $30.48.

Investors looking to buy Barrick should enter a "good 'til canceled" limit order to buy weakness to a weekly technical level at $10.40. A monthly level at $11.60 should be a magnet, and the upside is to an annual technical level at $33.92.

Yamana Gold ($4.13) lost 53% in 2014 after trading as high as $10.72 on Feb. 18. The stock is up 2.7% so far in 2015 and is 62% below the 2014 high. Yamana has been below its 200-day simple moving average since Aug. 15, when this average was $8.74. The stock stayed above its 50-day simple moving average at $3.99 on Tuesday, and is well below its 200-day simple moving average now at $6.69.

The weekly chart shifts to positive given a close this week above its key weekly moving average at $4.26. The stock has been below its 200-week simple moving average since April 2013, with that average now at $12.22.

Investors looking to buy Yamana should enter a "good 'til canceled" limit order to buy weakness to a monthly technical level at $4.08. The upside is to an annual technical level at $7.58.

Goldcorp ($20.35) lost 15% in 2014 after trading as high as $29.65 on Aug. 14. The stock is up 9% so far in 2015, and is 31% below the 2014 high. Goldcorp has been below its 200-day simple moving average since Sept. 18, when this average was $25.36. The stock is above its 50-day simple moving average at $19.41, and is well below its 200-day simple moving average now at $23.90.

The weekly chart stays positive given a close this week above its key weekly moving average at $19.89. The stock has been below its 200-week simple moving average since November 2012, with that average now at $34.97.

Investors looking to buy Goldcorp should enter a "good 'til canceled" limit order to buy weakness to a semiannual technical level at $15.83. A monthly level at $20.89 should be a magnet, and the upside is to an annual technical level at $36.10.

Newmont Mining ($20.36) lost 18% in 2014 after trading as high as $27.39 on Aug. 13. The stock is up 7.2% so far in 2015, and is 26% below the 2014 high. Newmont has been below its 200-day simple moving average since Sept. 19, when this average was $24.38. The stock is well above its 50-day simple moving average at $19.14, and is well below its 200-day simple moving average now at $23.12.

The weekly chart stays positive given a close this week above its key weekly moving average at $19.90. The stock has been below its 200-week simple moving average since November 2012, with that average now at $40.50.

Investors looking to buy Newmont should enter a "good 'til canceled" limit order to buy weakness to a monthly technical level at $19.25. The upside is to an annual technical level at $36.08.

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This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.