I do not love micro managing the gold sector, but here we are doing it again because well, it's the gold sector and it is intense. Please pardon the micromanagement…
Ratio charts of various items vs. SPY (or SPX)... On a relative basis, broad commodities are not happening and neither is an inflationary backdrop at this time. CDNX-SPY is fading…
The yield curve is fading and the 10yr yield is consolidating. Yields and inflation expectations had been rising with the optimistic 'Trump trade'. That made the gold sector an also-ran…