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?

gdx

Subscribe to NFTRH Premium (monthly at USD $33.50 or a 14% discounted yearly at USD $345.00) for an in-depth weekly market report, interim market updates and NFTRH+ chart and trade setup ideas.

You can also keep up to date with actionable public content at NFTRH.com by using the email form on the right sidebar and get even more by joining our free eLetter. Follow via Twitter @BiiwiiNFTRH, StockTwits or RSS.