Edit (3:08) I just found out that another blogger has sent a note to his email list using this post to extrapolate a "new bull run for Gold and Silver, especially Silver". People, that is the opposite to the message I am trying to get across. First of all, to be clear, the new highs would be in the SPX, not in the PMs. Secondly, if the GSR turns up it would be bearish for most assets, with the gold stocks possibly getting dinged further as well. But the dynamics in play would of course fuel gold sector bottom line fundamentals, and NFTRH's opportunity based game plan. And no, I am obviously not as constructive on silver or silver stocks. Meanwhile, I am simply allowing for the possibility of a bounce here across most assets in the very short term, and that is only if the GSR putzes around near the bottom and does not turn hard.
Edit (12:17) Adding the updated daily of the GLD-SLV proxy.
