$XAU Weekly
Have a good weekend everybody.
EDIT: $XAU:$GOLD Weekly added
Most likely everyone is familiar with this chart, but I am going to post it again anyway. Yes, that trend line on the chart below has held resistance for twelve long years. Before that the ratio was still falling, albeit at a slower rate. The miners have been losing ground against the metal since 1996 (with the exception of a weak recovery between year 2000 and 2004) That’s more than two decades, folks. We are witnessing a long overdue change in the character of the PM market. Imagine – this might be the inauguration of the PM bull market of the century! The whole planet is functioning on a bloated fiat money system that is staggering under a burden of debt. The bankers solution: more debt.
We could be in for quite a ride.
Totally agree Silver Fox. The piper is out front warming up, people are facing the music and crows are dropping onto dinner plates. Didn’t Adam Ant do a little jingle called Stand and Deliver” 🙂
Stunning Charts Foxy !
Gold Stocks vs Gold have been dismal for a very long time.
all through the great bull Run from 2001 to 2011 even !
IF this breakout you are showing holds….we are going to go nuckin Futz
🙂
Great chart!!
Yes miners to gold ratio has been in bear trend since 1966. BGMI to gold ratio chart:
https://goldtadise.com/?p=429031
http://news.goldseek.com/GoldSeek/1534946202.php