https://www.kimblechartingsolutions.com/2017/03/gold-bugs-stellar-performance-stage-set/
Over the past couple of years, the Gold Bugs/SPY ratio could be forming a
reversal pattern (bullish inverse head & shoulders). If the pattern
read would happen to be correct (unproven at this time), the ratio
needs to breakout at (1). If it does, it would reflect that miners are
stronger than the S&P and it could attract buyers to this beat up
sector.
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