Gold Miners have done great this year and have things have been a bit of a challenge since the highs in 2011.
The chart below looks at the Junior Miner (GDXJ)/ Senior Miner (GDX) ratio over the past 6-years.
CLICK ON CHART TO ENLARGE
The ratio remains in a 5-year down trend, creating a series of lower highs and lower lows.
The ratio is testing a triple breakout point at (1) above.
If the ratio breaks out, it would send a positive message to the long-term hard hit mining sector.
Humbly feel this is the most important price point for the miners, since the second lower high, back in 2011.