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Monday, March 12, 2012
SLW-RGLD Ratio updated...
SLW-RGLD continues to indicate interim market disturbance as it just got too excited a couple weeks ago. The trend still indicates bullish, but a test of the 50 and 200 day moving averages appears to be in the cards. Pending this test, I am 'risk off' with a lot of cash. BTW, limited losses were booked on both RGLD and SLW (neither of which were core items, but both of which are likely to be bought back just as soon as I feel comfortable doing so). Cash is good. Still remain short the SPX and NDX per the limits noted last week.