Miners – The Gift That Keeps On Giving

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I'm starting to think I should just stop bothering with anything else but GDX. This is like the new UNG – – it faithfully pushes lower, irrespective of the manipulations of TPTB. Thank you, GDX.

Below the (completely manipulated) SPY is in blue while GDX is in black. It looks like they decoupled a couple of weeks ago.