Gold rallied strongly on Friday, while the USD Index declined. However, mining stocks did not follow suit, showing a lack of response to gold’s movement. The GDXJ failed to rally significantly and closed below the April high for the third consecutive day. This indicates a bearish trend in gold stocks. Meanwhile, the USD Index is preparing for a bigger rally, with signs pointing to a move above 101.3. Stocks are also consolidating after recent losses, with a bearish outlook for the market. The current situation is reminiscent of 2008, signaling potential profit opportunities ahead.

Read more at Investing.com: Gold, Miners, USD: What’s Normal and What Isn’t