Silver-Gold Ratio updated...

Flipping the gold-silver ratio over, the SGR (at least in part a speculative bull indicator) has been in consolidation since making a little blow off a month ago.  This head fake resulted in all kinds of pain for 'off sides' precious metals players (and to a much lesser extent commodity players) while US stock market players got off scott free as Bernanke screwed with yield curves and kept Goldilocks in play.

SGR looks like it could be in a bullish consolidation but is vulnerable below the moving averages, which means the market is vulnerable as well.  Obviously I don't believe these people can continue to control bond yield relationships and outcomes indefinitely.

The last post was simple and now with this one I guess I am back to being geeky.  Can't help it sometimes.

http://www.biiwii.blogspot.com
http://www.biiwii.com