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.
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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