Gold miners remain secondary until key ratio is breached, Peter Brandt notes

Gold miners remain secondary until key ratio is breached, Peter Brandt notes
Gold miners await signal from key ratio

Peter Brandt, founder and CEO of Factor LLC, shares his perspective on gold miners in his latest commentary. Brandt discusses the ratio of GDX, which tracks gold mining stocks, against GC_F, a gold futures contract. According to Brandt, if this ratio closes above 0.025, it could signal a strong opportunity for investors to turn their focus to gold miners. Until that threshold is reached, he advises concentrating on bullion.

Brandt has commented on active interest from new traders in the grains market, recently discussing his positions and related market activity in a previous update. He has also identified a potential trade setup in the German Bund in recent commentary to Factor Members. His latest focus on the gold miners ratio builds on this series of market observations.

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