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Is 11-Year Cycle Signaling Gold and Silver Miners Rally?

By Chris KimbleCommoditiesSep 21, 2023 05:05
au.investing.com/analysis/is-11year-cycle-signaling-gold-and-silver-miners-rally-200578888
Is 11-Year Cycle Signaling Gold and Silver Miners Rally?
By Chris Kimble   |  Sep 21, 2023 05:05
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XAU/USD
-1.19%
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XAG/USD
-3.36%
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US500
+0.41%
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Gold
-1.25%
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Silver
-3.20%
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The price of gold is trading just off its all-time high while the price of silver is lagging. Together, they haven’t quite provided mining equities the boost they need to outperform the broad market.

But an 11-year cycle may be saying that gold and silver mining stocks are ready to rise again.

Gold & Silver Vs S&P 500-Weekly Chart
Gold & Silver Vs S&P 500-Weekly Chart

Today, we take a look at the performance of the Gold and Silver Miners Index (XAU) versus the S&P 500 Index by charting its performance ratio since 1990. The ratio is comprised of the $XAU Precious Metals Index / $SPX S&P 500 Index.

As you can see, since 1990 the ratio appears to be working on 11-year trends/cycles.

The latest cycle of underperformance has come to an end and the ratio is trying to hold near-term support.

Time for $XAU and gold and silver mining stocks to start outperforming again? Stay tuned.

Is 11-Year Cycle Signaling Gold and Silver Miners Rally?
 

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Is 11-Year Cycle Signaling Gold and Silver Miners Rally?

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