NFTRH+; a Key Indicator Holds its Ground

Today’s market turmoil is keeping the Gold/SPX ratio not only intact but in a modest bounce. If it re-takes the SMA 200 we will firm up quite a bit on the gold stock macro/funda case and view the correction as a significant buying opportunity.

So THING 1 has been for Gold/SPX not to break down. THING 2 would be to register technical buy levels for favored miners.

gold spx ratio