Investors seeking the safe haven of gold should carefully consider gold mining stocks such as Barrick Gold (ABX) , Yamana Gold (AUY) , Goldcorp (GG) and Newmont Mining (NEM) .

For the last few years, gold mining stocks have been out of favor, performing worse than the precious metal itself. This tendency began to change in the second half of 2015. Gold futures did not bottom until Dec. 3, and the nearest contract is just below the 200-day simple moving average of $1,132.1 per Troy ounce.

Barrick Gold and Newmont Mining have been leaders in the sector and bottomed before gold futures. Both are above their 200-day simple moving averages.

Barrick bottomed on Sept. 23. The stock has been above its 200-day simple moving average since Jan. 25, when the average was $8.87. Newmont bottomed on Aug. 26 and popped above its 200-day simple moving average of $20.04 on Monday.

But Yamana and Goldcorp have been laggards, with new lows on Jan. 19 and Jan. 21, respectively.

All four gold mining stocks are scheduled to report quarterly results this month. Barrick and Newmont report on Feb. 17, with analysts' earnings-per-share estimates of 8 cents and 15 cents a share, respectively. Yamana reports on Feb. 18, with an expected loss of a penny a share. Goldcorp reports on Feb. 25, with an expected earnings of 4 cents a share.

Here's a scorecard for gold and the four gold mining charts.

 

Here's the weekly chart for Barrick Gold.


Courtesy of MetaStock Xenith

Barrick Gold had a close of $10.07 on Monday, up 36.4% year to date and 70.4% above its Sept. 23 low of $5.91.

Talk about volatility! The stock is still in bear market territory, 26.5% below its April 29 high of $13.70.

The weekly chart is positive, with the stock above its key weekly moving average of $8.66, but well below its 200-week simple moving average of $19.90.

Weekly momentum is projected to rise to 76.85 this week, up from 68.79 on Jan. 29. Momentum scales from 00.00 to 100.00, with a reading below 20.00 oversold and a reading above 80.00 overbought. A rising reading above 20.0 is positive, while a declining reading below 80.00 is negative. This study is shown in red along the bottom of the chart.

Investors looking to buy Barrick should place a good-till-canceled limit order to purchase the stock if it drops to $8.55, which is a key level on technical charts until the end of this week. Investors looking to reduce holdings should enter a GTC limit order to sell the stock if it rises to $14.11, which is a key level on technical charts until the end of 2016.

Here's the weekly chart for Yamana Gold.


Courtesy of MetaStock Xenith

Yamana Gold had a close of $1.83 on Monday, down 1.6% year to date. It is 32.6% above its Jan. 19 low of $1.38. The stock remains deep in bear market territory, 62.2% below its Jan. 12, 2015, high of $4.84. Remember that Yamana trades as "option on survival," since the stock broke below $3 a share.

The weekly chart is positive, with the stock above its key weekly moving average of $1.81, and with weekly momentum projected to rise to 23.71 this week, up from 20.25 on Jan. 29, and now rising above the oversold threshold of 20.00.

As an "option on survival," you buy the stock, then enter a good-till-canceled limit order to sell the stock if it rises to $4.87, which is a key level on technical charts for all of 2016.

Here's the weekly chart for Goldcorp.


Courtesy of MetaStock Xenith

Goldcorp had a close of $11.54 on Monday, down just 0.2% year to date. It is 22% above its Jan. 21 low of $9.46. The stock remains deep in bear market territory, 53.8% below its Jan. 21, 2015, high of $25.00.

The weekly chart becomes positive if the stock ends this week above its key weekly moving average of $11.29. Weekly momentum is projected to rise to 28.31 this week, up from 21.35 on Jan. 29.

Investors looking to buy Goldcorp should enter a good-till-canceled limit order to purchase the stock if it drops to $10.15, which is a key level on technical charts until the end of this week. The upside potential through the end of March is $14.75, and is $24.09 for the remainder of the year.

Here's the weekly chart for Newmont Mining.


Courtesy of MetaStock Xenith

Newmont Mining had a close of $20.55 on Monday, up 14.2% year to date. It is 33.5% above its Aug. 26 low of $15.39. The stock is still in bear market territory, 26.3% below its May 20 high of $27.90.

The weekly chart is positive, with the stock above its key weekly moving average of $18.62. Weekly momentum is projected to rise to 47.77 this week, up from 40.31 on Jan. 29.

Investors looking to buy Newmont Mining should place a good-till-canceled limit order to purchase the stock if it drops to $18.74, which is a key level on technical charts until the end of March. The upside potential is to $25.35, which is a key level on technical charts until the end of 2016.

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

If you liked this article you might like

3 Stocks That Could Help You Survive an Inflation Spike

3 Stocks That Could Help You Survive an Inflation Spike

The Real Cause of the Crash of '87

The Real Cause of the Crash of '87

How to Trade Red-Hot Gold While Everyone Obsesses Over Bitcoin

How to Trade Red-Hot Gold While Everyone Obsesses Over Bitcoin

Barrick Gold Glitters Enough to Draw Buyers

Barrick Gold Glitters Enough to Draw Buyers

Little Reason to Buy, Plenty for Concern

Little Reason to Buy, Plenty for Concern