Comex gold is up a solid 25.5% year to date, but gold mining stocks and an exchange-traded fund tracking the sector continue to outperform the precious metal, but by a lower winning margin. Three miners are in bear market territory and the other two in correction territory.

A month ago, the VanEck Vectors Gold Miners ETF (GDX - Get Report) was up 128.1% year to date and today this gain has been cut to 97.1% despite setting a new all-time intraday high on Aug. 12.

Barrick Gold (ABX) has slipped to being the second-largest component of the ETF at a weighting of 9.52% and had a 195% year to date a month ago, which has been cut to 140.8%.

Yamana Gold (AUY - Get Report) is a component of the gold ETF with a weighting of just 2.15%, and had a gain of 208.1% year to date a monthly ago, which has been cut to 148.4%. The stock was an "option on survival" when it traded as low as $1.38 on January 19. Remember that any stock trading between $1 and $3 a share is considered at "option on survival".

Goldcorp (GG) remains the third largest component of the gold ETF with a weighting of 6.29% and had a gain of 64% year to date a month ago, which has been cut 42.1%.

Newmont Mining (NEM - Get Report) is now the largest component of the gold ETF with a weighting of 9.85% and this stock had a gain of 153.3% year to date a month ago, which has been cut to 124.3%, despite setting a fresh 2016 high of $46.07 on Aug. 12.

Here's a scorecard for Comex gold, the gold ETF and the four gold mining stocks.

 

The weekly charts shown below are mixed. The red line through the weekly price bars is the key weekly moving average (a five-week modified moving average). The green line is the 200-week simple moving average considered the "reversion to the mean." The study in red along the bottom of the chart is weekly momentum (a 12x3x3 weekly slow stochastic), which scales between 00.00 and 100.00, where readings above 80.00 indicates overbought and readings below 20.00 indicates oversold. A negative weekly chart shows the stock below its key weekly moving average with weekly momentum declining below 80.00 in a trend towards 20.00.

Here's the weekly chart for the VanEck Vectors Gold Miners ETF.

Courtesy of MetaStock Xenith

The weekly chart for the gold exchange-traded fund is negative with the ETF below its key weekly moving average of $27.90 and has been above its 200-week simple moving average since the week of June 10 with this average now $24.10. The weekly momentum reading is projected to decline to 48.51 down from 58.14 on Sept. 9.

Investors looking to buy the gold ETF should do so on weakness to $22.24, which is a key level on technical charts until the end of 2016.

Investors looking to reduce holdings should sell strength to $33.22, which is a key level on technical charts until the end of September.

Here's the weekly chart for Barrick Gold.

Courtesy of MetaStock Xenith

The weekly chart for the Barrick is negative with the stock bellow its key weekly moving average of $24.83 and above its 200-week simple moving average of $18.88. The weekly momentum reading is projected to decline to 30.50 this week down from 38.64 on Sept. 9.

Investors looking to buy Barrick on weakness should do so at $14.11, which is a key level on technical charts until the end of 2016.

Investors looking to reduce holdings should sell strength to $26.12, which is a key level on technical charts until the end of September.

Here's the weekly chart for Yamana Gold.

Courtesy of MetaStock Xenith

The weekly chart for the Yamana is negative with the stock below its key weekly moving average of $4.88 and is well below its 200-week simple moving average of $7.08. The stock has been below its 200-week SMA since the week of April 12, 2013 when the average was $13.33. The weekly momentum reading is projected to decline to 38.80 down from 44.89 on Sept. 9.

Investors looking to buy Yamana on weakness should do so at $4.26, which is a key level on technical charts for this week. The $4.87 level remains a pivot or magnet until the end of 2016.

Investors looking to reduce holdings should sell strength to $6.07, which is a key level on technical charts until the end of September.

Here's the weekly chart for Goldcorp.

Courtesy of MetaStock Xenith

The weekly chart for the Goldcorp is negative with the stock below its key weekly moving average of $17.04 and well below its 200-week simple moving average of $22.29. The stock has been below its 200-week SMA since the week of Nov. 16, 2012 when the average was $42.15. The weekly momentum reading is projected to decline to 27.49 down from 31.05 on Sept. 9.

Investors looking to buy Goldcorp on weakness should do so at $15.08, which is a key level on technical charts until the end of this week.

Investors looking to reduce holdings should sell strength to $20.96 and $24.09, which are key levels on technical charts until the end of September and the end of 2016, respectively.

Here's the weekly chart for Newmont Mining.

Courtesy of MetaStock Xenith

The weekly chart for the Newmont is negative with the stock below its key weekly moving average of $40.81 and well above its 200-week simple moving average of $27.63. The weekly momentum reading is projected to decline to 60.74 down from 68.79 on Sept. 9.

Investors looking to buy Newmont on weakness should do so at $25.35, which is a key level on technical charts until the end of 2016.

Investors looking to reduce holdings should sell strength to $42.69 and $48.53, which are key levels on technical charts until the end of this week and the end of September, respectively.

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