Major support and resistance breaks in this chart has signalled major trends in gold and the miners during the last couple of years. We seem to be on the cusp of another perhaps important break down. Last time the GVI/GLD ratio broke major support, the miners started one of the most furious rallies in history (seen in bottom HUI graph). What’s more is that the miners were lagging gold until that break out occurred… Which is happening right now as well.
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