Gold Mining Stocks: A House Built on Shaky Ground :: The Market Oracle ::
It’s tempting to say that miners are showing strength compared to gold based on the GDX’s performance, but other mining proxies say otherwise. Just because a house is standing doesn't mean its foundations are solid, and that's exactly the case with the miners. There’s one extra thing that I would like to point out about mining stocks’ technical picture today (Apr. 8), and that’s their performance relative to gold. Some investors might say that mining stocks are showing strength compared to gold as the GDX to gold ratio broke above its declining resistance line. Howeve...
Source: marketoracle.co.uk