The gold ratios are not buying it either. Gold has gone AROON trend up as measured in silver, commodities and industrial metals. As long as this persists, the bulls are heading for sadness, as are any bears getting blown out of their shorts here.
Bear in mind I am market neutral (gaining a little on days like yesterday, losing a little today) with my fundamentally favored longs in the gold sector. So I can wait around a bit to see how this plays out. Honestly, I am not sure how people can play the high risk game of being net short everything when they are fighting some very determined inflators/reflators/pumpers.
