Loading ...Ok so the P/C ratio on GDX is 1:2….does that explain the HUI down 8 weeks running, now in it’s 9th and accelerating ….I don’t think so. You’d want a P/C ratio of 0.25 or better min.
9 weeks down in any mkt is beyond extreme, to be happening after such a large fall already is, again beyond extreme. These are not real mkts.
What about the magic 1 % cap on Gold…what has the P/C ratio got to do with that, damn all. The 1 % cap is there no matter what the P/C ratio is, day in day out. Has any mkt been capped at 1 %/day ever, never…again not real mkts.
This isn’t sour grapes it’s facing reality, normal analysis no longer works.
Cheers