Chart of the week. I may be jumping the gun a bit in calling the (GDX:GLD) chart ... the "chart of the week." This is the ratio of gold to gold mining stocks or GDX to GLD. As the main trendline declines, it's telling us that GLD (bullion) was out-performing the mining companies (GDX). But over the last few days GDX has surged out of the channel, meaning that the mines have suddenly begun to out-perform bullion.
Showing posts with label gold russell. Show all posts
Showing posts with label gold russell. Show all posts
Tuesday, May 4, 2010
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