I shared the chart below with Premium Members recently, reflecting that the Gold to Miners ratio was hitting 30 year lows and was due a bounce!
CLICK ON CHART TO ENLARGE
Not only was this ratio at 30 year lows, the right chart reflects a positive breakout for GDX, breaking above falling resistance at (2) above. This is a positive for GDX and reflects that miners are due a relative strength move in the near future!
