Gold Miners Ratio
In Gold miners, the Juniors to Majors ratio is an interesting one to follow using GDXJ:GDX
During the Long Bear, the Junior were beaten up more severely than the Majors. My chart shows this from 2011 until early 2016 when the Juniors broke out of the downtrend. If the Bull has resumed, one would expect this trend to continue. Note the picture perfect backtest at the late December Yearly Cycle Low followed by a strong bounce thus far… 😉
Thanks Surf for the chart. Is that a half-way bull flag I am seeing building since 2nd half of 2016?