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HUI Vs. SPX Today

|Includes: VanEck Vectors Gold Miners ETF (GDX), GDXJ, GLD, GOEX, SIL, SLV, SPY

And here we see why the blogger does so much bitching and moaning when 'Jobs' comes out, the market cheers and the gold miners go up with it... and oil... and copper and...

The next time the inflationists are on full tout, please try to remember today. It is the economic contractions that feed the bottom line fundamentals of this sector. It appears that some pretty smart money is on that theme today.