Chart Of The Day: Miners Diverge From Falling Gold Price
Gary Savage | Dec 01, 2015 07:28AM ET
This appears to be the only time during this bear market that miners (via the HUI) are diverging from the price of gold as it moves down into an intermediate cycle low. Sentiment is at near record lows, and the COT is at levels not seen since December 2001.
Gold should be getting pretty close to another intermediate cycle bottom and another chance at a final bear market bottom.
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