Don’t Look Now BUT
Gold’s about to go Green.
shhhh
Meanwhile Gold Stocks are falling equal %ages with the General Market
When push comes to shove Gold is Gold and Gold Stocks are Stocks
Gold’s about to go Green.
shhhh
Meanwhile Gold Stocks are falling equal %ages with the General Market
When push comes to shove Gold is Gold and Gold Stocks are Stocks
Maybe not. You should have been quieter.
Looking at the miner to gold ratio since 1995, the bulls definitely have the burden of proof that the trend has changed. A key level to watch for would be taking out the 2016 peak in the $hui:$gold ratio. The ratio really hasn’t made a higher high in 20 years.
That being said, I think we will probably get sideways to down action in the miners into April. I would expect a test of the 200 day EMA around then. I hope I am wrong and the miners just continue to go higher, but the silver miners’ drastic underperformance since last September suggests to me that a massive break out isn’t in the cards until after gold’s next major correction is over (in mid to late April?).