Everyone knows the story with the miner to gold ratio (it’s been in a downtrend since 1995).

We’ve got a window of opportunity this week to penetrate weekly Ichimoku cloud resistance (see first box in the chart below), but it’s going to take a heck of a move to break through by Friday close.  I am cautiously optimistic.

It’s certainly possible we can break through the cloud outside one of the windows in the below chart, but that wouldn’t be typical, and for me, it would be a less “clean” move technically speaking.