07 March 2013

Gold Daily and Silver Weekly Charts - A Jekyll & Hyde Market - SP/Gold Ratio

They said on financial TV today that "Bernanke is in control of this market."  Europe does not matter, and the dollar will provide its faithful servants with permanent prosperity.

Stress test results for the Big Banks will be coming.

This is a Jekyll/Hyde market, with Hyde exhibiting complacency, greed, and a brutal arrogance.   But occasionally the market reverts to a timid Jekyll driven primarily by self-loathing and a wanton fear.

Let's see what pops out of the box tomorrow.

The SP/Gold ratio is updated in the last chart.