So How’re Those Miners Doing in the Face of November’s Jobs Data?

Well, so far the ratio of gold miners to gold is holding up well.

gdx gld

The ratio of SIL to SLV is holding up better than well.

sil slv

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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