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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 8936
Posted: Feb 22, 2010 5:00
Comments: 8936
Forum Topic:
Gold, Oil & Indices (Equity & Bond Indices)
Discuss Gold, Oil & Indices (Equity & Bond Indices)
alaidiAshraf Laidi
classic safehaven sends gold/spx ratio flying... severe deleveraging hardly touches metals winners..so unlike 2008
The 50% ret is at 1191 and the 161.8% level at 1175.
Below that we have the 61.8% ret level at 1148.
Pattern virtually identical to Dow. Same breadth comments apply.