Monday, July 26, 2010
GSR - losing daily support?
Active posting aside, I am actually really busy today. So, see you later and remember, these are the markets. All you get is indicators and hints and the time to create a sensible narrative. Right now, there is plenty of risk to go around, with a heaping helping of it for the deflationists now in my opinion.
Edit (4:17) Here is an old weekly silver to gold (SLV-GLD proxy) ratio chart. There is not much room for it to rise before commenter Marketbust is right and this blog's chief opinion giver is decidedly wrong. Indeed, with my long and cash position sans shorts (for now), I hope he is right.