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Gold Bugs Outperformance Puts Shine Back On Miners

By kimblechartingsolutions
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Courtesy of Chris Kimble.

gold bugs pic

It’s been a heck of a year for precious metal bulls. Gold (NYSEARCA:GLD) has outperformed in 2016 after several years of underperformance. And this has lifted the Gold Bugs spirits, providing a huge tailwind for the Gold Miners(NYSEARCA:GDX).

Today, I want to highlight the incredible comeback of the Gold Bugs Index… and what the gold bugs outperformance may mean for investors going forward.

gold bugs spy ratio breaks above 5 year falling channel aug 2

CLICK ON CHART TO ENLARGE

The rest of article can be viewed at See It Markets.com or CLICK HERE

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