No matter whether or not gold resumes its correction, as these ratios trend down the proper macro backdrop is in place for a bullish view on the counter-cyclical gold stock sector.
Some cyclical asset markets (and a couple yields) vs. gold…
And finally, the one that could lead the whole mess to a new cycle out in 2020 if it turns its trends up…
As you can see, while the daily chart shows potential the major trend is firmly down at this time.
Subscribe to NFTRH Premium (monthly at USD $35.00 or a discounted yearly at USD $365.00) 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 @NFTRHgt or StockTwits.