Here’s an update of the TLT-GDX comparison chart I posted on June 2nd I believe. I was highlighting that the move/pattern break in bonds often executes a few days ahead of the same move in GDX. This was one of my charts that I used to support a move up on June 3rd. Well, I believe it’s now supporting the same countermove today. That is quite the exhaustion run topped with a possible island reversal in bonds….textbook if it plays out.

TLT GDX