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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