Tuesday, October 6, 2009

Gold says stock bulls are wrong...

This is just one of many macro-oriented charts that says Bully's fate is sealed. Well, to me anyway because I am a bottom feeder and I buy charts like this. Therefore I buy the idea that gold's recent out performance vs. positively correlated industrial metals means something. What it means is that the forces of economic contraction remain alive and well. Just waiting for silver to begin to under perform gold and the VIX to stop playing doormat to the greedy and desperate bulls.

This chart was created weeks ago, but remains on mission.

Hey, what is my SRS doing green and my RFN doing even? Hmmm is right.