Regime Desk

Observation only. Price-rule snapshot as of 2026-11-05. No edge claimed. Not investment advice.

Back to desk

Gold miners · GDX

leading · RS ratio 106.8 · RS momentum 109.4 · 20d RS vs SPY +4.17% · last 85.75 · 2026-11-05

Versus the S&P

No residual setup. Beta 2.62. Residual z 1.89. 20-day residual +3.49%. 20-day relative high. Residual is stretched, but it is not stretched against its own residual trend. No call.

residual-fade-v0. Not a proven edge.

Last 60 closes

Window change -2.9%. Price geometry only. Not an edge claim.

RS trail

  • 2026-10-29 · ratio 95.4 · mom 93.8
  • 2026-10-30 · ratio 92.5 · mom 88.8
  • 2026-11-02 · ratio 95.8 · mom 93.3
  • 2026-11-03 · ratio 94.1 · mom 91.9
  • 2026-11-04 · ratio 100.9 · mom 98.3