After Inflationist Bugs FOMO at the Mouth, GDX & Inflation Signals Go the Other Way

Daily looks in-market are not meant to be a science. It is longer trends that eventually reveal the logic of ongoing macro moves.

But I do find it interesting that on a day when inflation expectations gauges were pressured GDX broke out of its bullish flag, and on a day when those gauges are jumping GDX is on a pullback. What do you think, Beuller? Anyone? Do gold miners want cyclical inflation as is often promoted?


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