A major shift in the Gold Bugs/SPY ratio could be taking place! The Gold Bugs/SPY ratio has fallen on hard times as stocks have outperformed the Gold bugs index over the past few years by a wide margin, pushing this index down a ton!

Are we now witnessing a major trend change? Could be!!! The ratio may have created a double bottom this year at (1) and over the past few weeks its attempting to break out of its steep falling channel.

Premium members bought $GDX on June the 5th and so far the action has been very rewarding in this trade. Should this ratio continue to head higher, it could well put even a bigger smile on the faces of people owning the Gold Bugs index.

How The Recent Decline In Stocks Looks "Eerily" Like Major Bear Markets Of The Past