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"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10
Tuesday, July 28, 2009
Here is a hint...
Investor 'jitters' about the economy (Financial media's reason for today's selling) aid in driving gold stocks down hard? This is likely born of wrong-headed 'price' inflation based decision making. It all ties in to the fact that the miners should NOT be going with the broad market if the intermediate term move is healthy, and that the inflationistas are on full tout, led by the silver bugz. This dynamic will ultimately hurt those who blindly follow the loudest blow horns.