Most chartists use daily or weekly charts. Few look at monthly charts. I don’t know of anyone (myself included) who pays any attention to quarterly charts.
The financial crisis was a major catalyst for the gold mining industry. Gold surged against oil and industrial metals. These ratios held their ground and are reaching higher levels once again.
The relationship between gold stocks (while in a secular bull market) and the broad market (while in a secular bear market) is difficult to diagnose and that is what makes it so interesting.
This weekend I had a conversation with a fund manager friend who I admire. He lives in the Asia-pac region and has tremendous knowledge of and insight into markets.
While the precious metals sector has consolidated and struggled to find a bottom, an important development has taken place. First, let's harken back to 2007-2008.
