GLD in SPY Units...

Got some things done sooner than I thought I would, so I'm back for a bit. GLD-SPY ratio says that if the support level holds here, you are way off sides favoring Buffett's advice over the old relic of monetary value.

Now, I am sure that with a couple brand new bear positions the usual moonbats will claim 'oh he's a perma bear, on the wrong side of the market and throwing stones!'  But dearest moonbat, this blog and its resident newsletter were all over the October Pivot and later the counter trend rise of the Euro before the bull trend followers jumped on. 

So, if GLD-SPY support holds as a prelude to turning up, it will prove to have not been an appropriate time to be bullish, just as late September and early October were not the times to be bearish.  It's amazing how many supposedly astute market players have only been equipped with rear view mirrors.

And this isn't some kind of gold cheering squad post, either.  Gold may have signaled something pretty nasty itself this week.


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