Gold-Silver Ratio: Beware

By: Gary Tanashian | Wed, Oct 17, 2007
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As if we needed another indicator to be concerned about, the Gold-Silver Ratio (GSR) checks in with a potential break out from its bullish consolidation flag. Along with deteriorating market internals, pesky long term interest rates, over-bullishness and/or complacency by the least sophisticated market participants (sentiment surveys, put/call ratio 20 day EMA @ .89, VIX potentially bottomed, etc.) and the bearish nominal charts of the broad market, we now have the ultimate barometer of impending angst trying to reestablish its upward thrust. As Adam said in the video I posted yesterday, "stay safe".

 


 

Gary Tanashian

Author: Gary Tanashian

Gary Tanashian
http://www.biiwii.com/

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