"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

Tuesday, November 15, 2011

Cu-Au Ratio again diverging the broad rally

The 'October Pivot' was expected, and it materialized into a rally to reset negative sentiment as expected.  And now?  Well, if the Gold-Copper ratio is correct again, the rally is doomed.  I hold no bias.  I just hold charts.












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