Loading ...The Chart To Watch
For PM Players this is IT IMO
GDX:GLD
For Gold to rise the Stocks need to lead
The ratio had a breakdown but recovered and is now in a well defined parallel channel
higher lows and higher highs
Red and green arrows show some possible scenarios
Here is the link to this chart for those who want to watch in real time
A Prize for the first to report a breakout 🙂
That’s a beauty of a chart. Look at point 5 that retested the base trend line from above. Amazing really.
Miner underperformance needs to reverse to confirm the bull case.