“We are all agreed that your theory is crazy. The question which divides us is whether it is crazy enough to have a chance of being correct. My own feeling is that it is not crazy enough.”
― Niels Bohr
Click on any chart to engorge it
Click on any chart to engorge it
Gold Miners vs. the S&P 500
The top half is the Gold Bugs Index as a ratio of the S&P 500, while the bottom half is just the Bugs. There is probably still some pain to come for the miners this summer.