CosmicDust

SPY/GDX weekly - looks like another leg down - 11/1/2016

SPY/GDX  
SPY/GDX  
71 0 2
Given the uncertainty of bond market, IMO mining stocks might be one of "safe heavens" if stock market is in trouble.

The ration was not able to capture May high (so it made a lower high in October). It is now turning down again. Note the decisive downward pointing 40 week MA.
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