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Illya Gerasymchuk
Engineering & Finance
User Illya Gerasymchuk -

2026-01-15 14:54

Gold miners are about to breakout

It looks like gold miners are about to appreciate relative to gold, as you can see on the multi-year ascending triangle on the chart. Given that I don't expect gold to have any significant medium-to-longterm pullbacks, this means that gold mining stocks are setup to appreciate more than gold.

The next significant medium to long-term resistance zone is โ‰ˆ60% higher, meaning that miners have room to appreciate significantly more relative to the price of gold.

The chart is on a monthly level and it shows the ratio between the price of gold miners index and gold futures.

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