"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, August 31, 2011

Bearish divergence to broad rally: GSR

The gold-silver ratio has barely budged during Relief '11.  The SPX has already pulled a 50% retrace of the late July plunge and yet GSR has merely consolidated well above support.  Weird.

For the duration of the rally, sit quietly and we will control all that you see and hear.

















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