Major vs Minor Miners: Same direction, different paths

Over the long term, funds allocation towards major producers are more profitable. Juniors respond faster at important turns of Gold price, which is also why this ratio is a great indicator for major swings. It captures volatility/liquidity i.e
smart/dump money changing positions.

Looks like money flows in the system as the ratio between explorers/producers (last one below in yellow) is creating a round bottom, kind of IH&S formation

If this not is a sign of confidence in the sector regarding long term investing I don't know what else is.