"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

Monday, May 3, 2010

Silver-Gold Ratio

Once again the bear case for the broad markets finds itself on a thin line. If silver breaks upward in ratio to gold (SLV-GLD shown here) then PM stocks should rebound strongly yes, but so too will the bull case likely remain intact for broad stocks, especially it seems those in the US.

As for nominal market charts, little is resolved by today's expression of relief.