In this case the precious metals have already been weak, hopefully breaking the spirits of over enthusiastic gold bugs. A warning as represented by a rising gold/silver ratio is for commodity bugs and possibly, stock bugz.
Here’s the weekly view. A little less concerning, but attempting a new high.
I don’t want to be an alarmist or a turd in the punch bowl because really, the bulls have been 100% right every damn time the market party has hiccuped. But that doesn’t stop me from posting things I see out there, whether good or bad. I count on you to manage your own emotions. But just for a little emotional hype… (ha ha ha)…
Disclosure: I do not hold a single short position. At least not yet as of Friday @ 10:07 ET.
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