SIL-SLV & GDX-GLD Do Not Inspire

Silver miners (SIL) vs. the metal they dig out of the ground (SLV) are not doing well at all.

sil-slv ratio

Gold miners (GDX) vs. the metal they dig out of the ground (GLD) have a slightly better look, but still do not inspire.

gdx-gld ratio

What both of these things need is what the entire precious metals complex needs in its nominal charts; a rise above a certain parameter that would imply a new uptrend. You can probably guess what that is by visualizing what a series of higher highs and higher lows would look like.

Disclosure: Subscribe to NFTRH Premium for your 25-35 page weekly report, interim updates (including Key ETF charts) and NFTRH+ chart and trade ideas or the free eLetter for an introduction to our work. Or simply keep up to date with plenty of public content at NFTRH.com.  Terms of Service available here https://nftrh.com/about-tos/terms-of-service/

...more
How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.

Comments

Leave a comment to automatically be entered into our contest to win a free iPad Pro.