I'm still nervous about miners because of bullishness I'm reading on the message boards. However, I will start to reenter in the near future--the above are first tranche prices only.
The Gold:HUI ratio is starting to look better, at least based on the MACD and the declining oversold RSI.
On the other hand, the Dow:Gold ratio still looks to have momentum, despite it uber-stretched position over virtually all of its weekly moving-average indicators. I took profits on my limited involvement in stocks back in February, so if I had some more, I would definitely be well into trimming now. This ratio is ridiculous, if not historically so...
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