Tuesday, October 7, 2008
i Chart Geek
From a long term risk/reward standpoint, what does this chart say to you? Edit (3:48) And once again we have the pig down 400+ and sucking the liquidity out of the precious metals sector. Meanwhile gold & silver are up. This is unfortunately the short term dynamic in a credit contraction enviro. Only positive is that it looks like the draining swamp has less pull on the miners. But 220 is quite open. Oh and volumes on the DIA, SPY & cubes are huge again; capitulation levels.