"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

Wednesday, June 30, 2010

Gold-Silver Ratio (GLD-SLV proxy)

Once again, a geek's possible road map:

Inverted H&S breaks neck line > liquidity drains from markets > policy heroes ride to the rescue > handle forms with downward bias as a muted hope blip expresses > policy err, fails again > handle breaks to new highs in GSR > last one out, shut the lights.

Or something like that. Hey, it's just a bunch of squiggles and pretty shapes on a chart. But it could happen.