No new signals were announced in November and all the IC/Coppock Indicators continue their journey south, with the exception of the UK All Stocks Gilts.
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This index performs contrariously to the equity markets and even posted a new high since its 'buy' signal was given in August last year. This indicator remains on 'hold' for now, though.
The only indices to perform well during November were those for the gold mines. Toronto Gold was up 45.8 per cent on the month, followed by the FT Gold Mines up 31 per cent and South Africa up 21.72 per cent. These increases reflect the recent rise in the price of gold bullion, but their performance wasn't sufficient to produce any 'buy' signal. The overall trend for these markets remains downward and these rises must, therefore, be viewed as a correction.
