Well, so far the ratio of gold miners to gold is holding up well.
The ratio of SIL to SLV is holding up better than well.
It feels like a market speaking to those who care to listen.
As I pointed out last week, there is a scenario in play here where gold (and silver) bugs do not need to repeat the post-2012 indignities, despite a still-firm economy. But what do I know?
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