"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

Thursday, January 13, 2011

Gold-Silver Ratio: Still constructive (destructive)

If GSR maintains the bottoming posture (above EMA's 10 & 20) it will be constructive for a rise in the indicator and destructive for the momo's, pumps, pom pom squads, etc.  http://www.biiwii.blogspot.com