The chart above shows the ratio between the HUI gold miners index and the Dow Jones Industrial Average.
As can be seen from the above chart gold stocks have performed terribly the last five years as compared to regular stocks. This can be expected as gold and commodities in general have been in a bear market for the last five years.
With stocks near an all time high and gold stocks now emerging from a five year bear market it now seems that a true contrarian would lighten up on regular stocks and place some bets on gold stocks.
However, it now seems commodities including gold appear to be finding new strength.