"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

Wednesday, January 9, 2008

Interesting Gold Ratios

While gold is currently trading [rightly] as if it is the best currency on earth - including oil, it is also beginning to take on a bearish tinge measured against the industrial metals and importantly, silver. It is still technically bullish vs. the other metals but the ratio charts are at least hinting that we could get a dose of 'it's really not as bad as the headlines (and stock market action) would have us believe' sentiment somewhere in here over the next several weeks. I surely think that the dangerously (and immorally) levered up 'something for less than nothing (debt)' financial economy is still in deep trouble, but real (productive) industries are well intact - for now.


1 comment:

  1. For reasons to do with basic economics and reality now suddenly breaking in on the western economy's party I think that USD / GBP will collapse, Asian & low debt economy currenices will appreciate and Gold / oil will go through the roof. So I now want to start looking at technical stuff - but I am a complete beginner.

    Sounds to me as though you are most bullish on silver? Is that correct?

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