The GDX/SPY ratio is again butting head with a long resistance line that has held many times (so far). A rising ratio means that GDX ETF (Major miners) are outperforming the SPY ETF (S&P index). Are we nearing a big break that will signal the beginnings of some sector rotation (i.e. Out of regular stocks and into miners)? Only time will tell, but I am keeping an eye on this.

 

GDX-SPY

GDX-SPY Ratio.

 

Best regards,

The Hedgeless Horseman

Follow me on twitter: https://twitter.com/Comm_Invest

Follow me on CEO.ca: https://ceo.ca/@hhorseman

Don’t forget to sign up for my Newsletter (top right on front page) in order to get notification when a new post is up!

If you want to learn more about Novo Resources and the Pilbara Gold Rush you can purchase all my premium content HERE.

If you find my work valuable and want to help me keep publishing most of my research for free then please consider making a donation.

Stay up to date

Subscribe to email updates!

Leave a Reply

Your email address will not be published. Required fields are marked *

Name *
Email *
Website

%d bloggers like this: