Loading ...Spock: Miners ratio XGD.TO to Gold
This ratio tells more convincingly that bottom may be in.
– Bullish divergence with RSI
– Bullish three drives to bottom with lower highs and needs confirmation to make a new high on weekly.
– Diamond bottom on weekly. Needs break out soon??
All above has not happen in last 4.5 years of bear trend.
SPOCK HAS NAILED IT AND HE IS RIGHT.
Excellent charts Bikoo…wouldn’t that be nice, buy some NONLEVERAGED positions and get away from the monitor. Might just catch up with some “old” friends. Appears market rotation is happening into commodities; expecting commodities to rally into the summer as the SM crashes. Then after the SPX reaches 1600-1700 and bottoms, commodities continue to go down. What do you think?
Excellent Heads up Bikoo and Spock
Agree we need confirmation…Higher high then higher low !
Isn’t the XGD.TO index in Canadisn dollars and the $GOLD index in US Dollars?