Gold mining GOR-fest

Gold miners (HUI) are out of whack with the Gold/Oil ratio (GOR) and the Gold/SPX ratio This isn’t to say that the would-be bounce (HUI is postured in a small potential ‘w’ with constructive daily RSI & MACD) in the gold miners will not resume, but the charts below do not lie. The Gold (product)/Oil (cost input commodity) ratio (GOR) shows that despite the ongoing … Continue reading Gold mining GOR-fest