True Bull markets in Gold are led by the miners, as spec money bids the sector and industry higher.
We know that Gold has outperformed and had magnificent strength to the upside however its counterparty GDX has lagged.
Seeing relative strength in Gold & relative weakness really emphasizes what were going through... a Liquidity crisis.
Gold is moving on fear and miners are lagging.
If gold softens up just a bit GDX will see a greater move to the downside.
We know that Gold has outperformed and had magnificent strength to the upside however its counterparty GDX has lagged.
Seeing relative strength in Gold & relative weakness really emphasizes what were going through... a Liquidity crisis.
Gold is moving on fear and miners are lagging.
If gold softens up just a bit GDX will see a greater move to the downside.
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.