"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

Wednesday, October 28, 2009

Gold-Silver Ratio a hidden ally of VIX?

The last couple times the VIX tried to get cranking, it was not supported by the GSR, which was making lower highs. Today? A higher high in the GSR corresponding with a lower high in the VIX.

What's it mean? Beats me, but if I were a bull I would make this mess prove itself before venturing into these markets. Dat could be a divergence that smart bears are looking for.