Loading ...because Captain ( and others) have referred to this as being a key ratio to watch….
From King World News this morning:
After breakout that spread has zero overhead resistance until it gets up to the 17-18% level (the prior multi-decade low end of its relative performance vs. gold). Meaning more than a doubling of the miners’ current relative value to gold is reasonably expected. KING WORLD NEWS NOTE: The mining stocks are on the cusp of a historic and violent surge vs the price of gold.