The long and short of things: the perceived value in the miners in January (see Here), that bled cheaper in February (see Here) - appears poised for markdowns once again.
Here is the original fit with today's GDX:GLD ratio. In either case, and as I have stated before with respect to the recent trends in the currency markets - utilizing oversold metrics such as RSI and sentiment can be traction-less strategies in this environment.
For further context, see:
