We have been following this oh so important indicator all along in NFTRH. Right now it says 'go ahead bulls, have some fun, but your shelf life may be limited, and that means you too gold stock bulls... it will not all be clear sailing.'GSR is one of those outliers, one of those ominous things that most people find inconvenient to look at, if they even know it exists. GSR will one day signal the next contraction impulse - despite the heroic Fed - and we will be ready, won't we?
Using GLD-SLV here as a proxy. It should be repeated that gold miners are in a bull market, fundamentally if not yet technically. So, you know the whole spiel about risk management and opportunity.
