Something occurred to me yesterday about the non-strength in the miners that I really never considered until I looked at the long-long term charts of the following to ETF’s.
Gold miners are actually lagging the commodity gold so the real play that we should have all been focused on was either buying the bullion (which I’m not that interested in) or buying GLD. That is where the real momentum is. It’s so obvious now when I look at these two charts. When/if the miners break out of that massive cup/handle that is forming is when you “load the boat” on the miners and hold on. Now whether that happens remains to be seen but at least you know what to look for now. Oh, and if I’m napping at the wheel, nudge me when the miners break out.