Is 11-Year Cycle Signaling Gold and Silver Miners Rally?
2023.09.20 15:32
The price of is trading just off its all-time high while the price of is lagging. Together, they haven’t quite provided mining equities the boost they need to outperform the broad market.
But an 11-year cycle may be saying that gold and silver mining stocks are ready to rise again.
Gold & Silver Vs S&P 500-Weekly Chart
Today, we take a look at the performance of the Gold and Silver Miners Index (XAU) versus the by charting its performance ratio since 1990. The ratio is comprised of the $XAU Precious Metals Index / $SPX S&P 500 Index.
As you can see, since 1990 the ratio appears to be working on 11-year trends/cycles.
The latest cycle of underperformance has come to an end and the ratio is trying to hold near-term support.
Time for $XAU and gold and silver mining stocks to start outperforming again? Stay tuned.
