Gold Stocks Ready For A Pop?

Here's a variation on a chart I've been following. This time we include a gold stocks index.

Looks to me like for the four prior occasions where the S&P 500 became overbought relative to commodities ($SPX:$CCI RSI > 75) that not only did gold pop, but also gold stocks.

Here's a table with some details of the four prior events:

I consider these results to be reasonably bullish for gold stocks.

MontyHigh, www.worldofwallstreet.us