Wednesday, January 11, 2012

Silver-Gold Ratio (SGR) & HUI

Say, I would not want to be viewed as a gold stock booster or anything, but this chart tells me that despite the SGR's massive decline, Huey has clung to its big picture breakout.  That is a hell of a lot of downside pressure that the miners have endured the last few months, to remain technically intact on the big picture.

Now the SGR is approaching support.  The image of a slingshot comes to mind.  Nah, they say 2012 is going to be a deflationary end of the world scenario, I forgot.  Never mind.



















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