The GSR was an important part of our weekend analysis in NFTRH27 as it has been for several weeks now. I want to present this chart to go along with an email update sent out this morning for subscribers, and also for general blog readers to consider. GLD-SLV is a proxy for the all important GSR and while it has not yet definitively broken up and out, it is close for comfort and threatening that posture.As you know, a rising GSR usually means a short term thumping for the gold stocks, that ironically benefit from the GSR's implications, and is downright bearish for the regular world of stocks and commodities.
Let me stress that it has not yet broken out definitively, but as was noted this weekend, risk is rising.
