Intraday Market Thoughts
Archived IMT (2010.08.11)
by
Aug 11, 2010 16:38
GOLD is down $15, but the real action is the spike in GOLD/OI ratio,which hit 3-week highs. As Ive said in chapter 6 of my book, an extended rebound in the GOLD/OI RATIO Ratio is usually consistent w/ heavy selling in stocks and deterioration in the economy.
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