An informal presentation of technical analysis, market ratio analysis, psychology and macro fundamental opinion... along with whatever else is required to stay on the right side of the markets. The premium NFTRH service takes all of these and more to the next level.
"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, September 22, 2011
Here is the gold-silver ratio proxy GLD-SLV. You know, this has been an ongoing negative divergence to the broad market recovery rally heretofore called Relief '11. Its refusal to break down signals caution and the need for risk management. Its current still-bullish structure is a really bad sign for the near term liquidity of asset markets.
There are some ironic implications with respect to the gold stock sector and these will probably be the focus in NFTRH as the misperceptions game gets cooking in here.