The HUI/Gold ratio: what's left in Pandora's box?
HUI / Gold: Daily observations over the last 6 months. (click to enlarge) |
Despite gold grinding lower over the whole observation period, HUI/Gold kept up relatively well until early July. The erosion of the gold price initially coincided with the USD strengthening. Towards the end of June, the gold price started sliding in most currencies. Yet miners proved resilient at the start of summer. The storm front hit by mid August and miners fell off a cliff.
HUI / Gold: Daily observations year-to-date. (click to enlarge) |
What’s left in Pandora’s box?
Source: https://gwyde.blogspot.com/2018/09/the-huigold-ratio-whats-left-in.html
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