"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

Friday, September 4, 2009

VIX Updated

Bully tries to invalidate the VIX breakout and sweep its own recent sagging performance and waning momentum under the rug.

VIX is simply on the breakout back test. Silly bulls, blinded by the desire to make back all of their losses, may not see it that way however. I think I can... I think I can... say the silly bulls.

The bulls look to the Gold-Silver ratio and hope to place their greed in the waiting arms of this liquidity and fear indicator. Problem is, the GSR is getting over sold and may not allow for another strong pump upwards.

Risk is untenable.