The first chart a Quarterly shows just how far the ratio has fallen….0.0665 to .0154 at present…… but now has a very good base to rally off ……and if we do get back to where it was, means the Hui/GDX will more than quadruple , if Gold just stay here.
The second chart a monthly show we still have a lot of work to do, to break out of the base, which in turn says this bull has a lot longer to run yet….and then when one looks at the Quarterly, it say the Bull in the shares hasn’t really started……