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October 17, 2007 Gold-Silver Ratio: Beware |
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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".
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Gary Tanashian Disclaimer: biiwii.com does not recommend that any trading or investment positions be taken based on views expressed on this site. If you speculate or invest it is suggested that you consult a financial advisor qualified in your area of interest. Copyright © 2005-2009 Gary Tanashian Image rendition and html coding Copyright © 2000-2009 SafeHaven.com ADVERTISEMENTS
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