I’ve always been fascinated by the GDX/XME ratio. It has been cyclic for literally decades, and after reaching a lifetime high in February, it has been tracking downward nicely. I suspect it has years of plunge left in it.
![](https://slopeofhope.com/wp-content/uploads/2024/06/slopechart_XME_GDX-640x345.jpg)
I’ve always been fascinated by the GDX/XME ratio. It has been cyclic for literally decades, and after reaching a lifetime high in February, it has been tracking downward nicely. I suspect it has years of plunge left in it.