An informal presentation of technical analysis, market ratio analysis, psychology and macro fundamental opinion... along with whatever else is required to stay on the right side of the markets. The premium NFTRH service takes all of these and more to the next level.
"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, April 10, 2012
Gold vs. Stock Market updated...
So, is it a new bear market in gold vs. SPX? Is Puru Saxena correct that US stocks are now the place to be vs. gold? Stay tuned, but my charty eye continues to see little more than a hard post-euro crisis consolidation here; a consolidation that could be ending. Confirmation comes with a rise through noted resistance. Aren't markets amazing in the way they usually end up making sense? You have got to love these markets.