Lagging Gold Miners Signal Interim Top
August 09, 2020 at 15:46 PM EDT
Over the past few trading days, gold and silver gained 7% and 16% respectively, but the miners are up only 1% to 3%. GDX has gained 0.9%, GDXJ 1.8%, and SILJ 2.9%. When stocks underperform the metals after weeks of gains, they signal a coming shift.
