Loading ...HUI:GOLD Ratio and what it is saying about this new bull market in the PMs.
You will notice that in the great bull market of the PMs from 2001 to 2006 the PM stocks led GOLD higher or put another way the PM stocks were telling us beforehand in which direction GOLD was going to head and that direction was UP. Look how similar the beginning months of that bull market at the start of the 2000s looked to the situation that we have now. The PM stocks were outperforming the metal. When a downturn in GOLD occurs on this ratio chart the PM stocks are invariably performing worse than GOLD.
