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.
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.