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"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
Monday, April 9, 2012
Junk-Investment Grade ratio = Rut Roh?
We went over this in NFTRH182, along with fellow 'oops' indicator the gold-silver ratio. Well, what was a negative hint over the weekend is now morphing into a full frontal Scooby Doo moment. Appears one early indicator - the gold miners - are leading another early indicator. Now what could this early indicator be leading?