Gold-Silver Ratio

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.

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