Gold miners soar while financials slide

Gold mining stocks have soared relative to the broader stock market, with the NYSE Arca Gold Miner index reaching new 52-week highs relative to the S&P 500. At the same time, the S&P 500 Financials index has slid close to a 52-week low. That kind of divergence seems like it should be an ominous sign, but its record has been mixed over the past 35 years.

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