Way back in May I wrote on the gold:silver ratio in this linked post. As part of the post I wrote:
"...the way I like my TA charts. I don't want to peer at my friend's gold/silver ratio for a few minutes and kinda weigh up the probabilities of him making a good call; I need to look at 'em for about a nanosecond with worrying too much about this indicator compared to the relative merits of that signal; I want 'em sitting up and begging.."
I think that this latest chart qualifies in the "sit up and beg" stakes, don't you?
"...the way I like my TA charts. I don't want to peer at my friend's gold/silver ratio for a few minutes and kinda weigh up the probabilities of him making a good call; I need to look at 'em for about a nanosecond with worrying too much about this indicator compared to the relative merits of that signal; I want 'em sitting up and begging.."
I think that this latest chart qualifies in the "sit up and beg" stakes, don't you?
(click to enlarge)My only mistake today was to go long GLD. I should have gone for SLV. That will be remedied tomorrow, fear not.