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"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
Thursday, November 17, 2011
Update on the Gold-Silver Ratio
GSR proxy GLD-SLV, if this breakout holds, is "not gonna be good for anybody" to quote Seinfeld. That is because another leg up would suck liquidity out of everything. We have been, and are still... warned.