Thursday, September 2, 2010

Chart of the day is.....

...silver, a chart sent in to your humble scribe by reader 'A' yesterday afternoon (a respected market player) with "silver looks decent from here" the short comment that came with it.

Looks all chartist mumbojumbo to me, but then again WTFDIK? I personally prefer the chart below, that shows GLD versus SLV for the period that both have existed together and demonstrates just how badly silver has perfromed compared to gold in these last four years, this despite all the rabid silverbugs telling me all along that line how Ag was about to explode and zoom and to da moon Alice and get on NOW and all that jazz (then there's all that silverbug stuff about raptures and ends of times, but we'll let those slide for today).