Was that all there was to the rebound? I am currently unable to watch the markets closely for the next few days, but I checked in to find AA, and a lot of other things are aborting the little recovery scenario they tried to get going. I leaned toward the attempted relief extended a bit higher, but today is really damaging that prospect.Gold-Silver ratio, Baltic Dry Index... but two very bearish indicators for the near term. GSR is a liquidity barometer and the BDI is a leading economic activity indicator.
Meanwhile, the gold stock sector is getting hit, but you look at the structure of it and you cannot find much that is bearish. At least not yet. Nothing has been broken there. Nor has it been with gold.
Dow, SPX, NDX and many others... these things appear to be broken. Regardless of whether they pull it together today. Attn: Subscribers, recall the support tolerance level indicated over the weekend for the general markets. As loss of this likely puts the wraps on the relief blip rally.
