Gold miners (GDX) poised to surpass Gold (GLD) after the dovish Fed triggers a market surge.

Gold miners (GDX) are setting the stage to outperform Gold (GLD)

Leading up to the Fed meeting last week, GLD and GDX were showing signs of weakness

But the exceptionally dovish Fed triggered a tremendous surge in both GLD and GDX

GDX/GLD ratio has shown a positive correlation… pic.twitter.com/H0GOhIAWc2

— Bravos Research (@bravosresearch) December 21, 2023