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