SGR & SPX

The Silver-Gold ratio needs to get in gear if the market is to avoid an 'on the fly' negative divergence (yes, just like the one we noted in the Gold-Silver ratio that manifested in the recent bearish events - which evidently had enough bearish implications to invite the Vampire).

If the rally is to extend into a real party then silver should start to lead.  NFTRH163 had this to say about a hint of a bullish divergence within the silver sector itself.  Now this should extend out to the precious metals and beyond, to the greater casino for a real good party to generate through the holidays.

"Let’s review a proxy for the ratio of silver miners to silver. The SIL-SLV ratio [chart omitted] is in an uninspiring weekly Uptrend despite global events. This is a small bullish hint that just maybe the silver crazies :-) are going to lead us out of this mess into a rebound and rally. Just maybe."


http://www.biiwii.blogspot.com
http://www.biiwii.com