Gold Miners/Copper Miners Ratio Is Interesting

The GDX/COPX ratio has broken above the 50 & 200 day moving averages and is still going, despite gold’s ignominious state at the moment. Here’s what gold (GLD) looks like today. Here is what copper looked like at yesterday’s close (in-day today it is a hair under 3, at 2.9981/lb). And yes, that is important support. Against the broader Industrial Metals complex GDX is weaker. … Continue reading Gold Miners/Copper Miners Ratio Is Interesting

“Mark It On Your Calendars”

Just a note from your friendly Macro Tourist that June 30th is another big QT bond maturity day. Kevin Muir recounts the implications here… Mark It On Your Calendars Subscribe to NFTRH Premium for an in-depth weekly market report, interim updates and NFTRH+ chart and trade ideas. You can also keep up to date with plenty of actionable public content at by using the … Continue reading “Mark It On Your Calendars”