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HUI/SPX ratio Push, push, push… that cart full of rocks out of the dark cave you’ve been in since last summer, Huey. Push, push, push
The Gold/SPX ratio continues its way upward, after breaking above the SMA 50. Here’s the larger view for more perspective. As yet, considering all that
HUI did the anticipated pullback to the SMA 50 (nearly to the 62% Fib) and rebounded, as per the ongoing bounce plan. Today Huey bumps
It was just an inkling, the little double top in the SPX/Gold ratio referred to several times in NFTRH 653. Flipping it over, we find
HUI daily chart per Monday’s NFTRH+ update As he pushes his cart of rocks slowly out of the cave and up the hill (careful not
Gold mining is a counter-cyclical business. During economic (and inflationary) down cycles gold out-performs industrial metals, oil/energy, materials, stocks, etc. Insofar as commodities and materials