The gold mining stocks rode the global sovereign debt yield curve, and the 30 10 US Sovereign Debt Yield Curve, $TYX:$TNX, higher over the years. A rising yield curve gave seigniorage, that is moneyness, to the gold mining stocks. But the greatest swing trade of all time is now done and over. This being documented in the chart of $HUI:$USB, that is the gold mining shares relative to the 30 Year bond, is now turning lower. The Gold mining stocks can only be used for short term trading purposes, as they always turn lower, as the Treasuries pivots and falls lower. The chart of the gold mining stocks, GDX, relative to Gold, GLD, GDX:GLD, manifested bearish again today, suggesting that more wealth is going to be coming out of gold stocks. A number of the gold mining stocks fell lower or manifested bearish engulfing today; these include: .... NSU … GSS … NEM … KGN ... AAU … AZK … GBG … GFI …