Monday, March 26, 2012

Gold Silver Ratio + added bonus video...

Quick update on the Gold Silver Ratio for the latter part of March 2012.  Still in a consolidation range just like Gold and Silver...

The RSI (Relative Strength Index) is producing lower highs which suggests a downwards bias with the GSR.

Slow Stochastics are in the overbought area at ~81.16 (Circled in blue) which also suggests and downwards move in the not too distant future.

Maybe a small rally w/Silver is coming before May/June?  Even if a small rally should occur, it may drop to the lower portion of the trading range and bounce around for a little while.  By then, the summer 'doldrums' come in to play and choppy trading should take over the PM markets and with the GSR.

Bonus Video:  MF Global / Jon Corzine


Wonder if Jaime Dimon asked Jon politely for the 200M?  Or if he said 'OR ELSE' after his request....?

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