Folks, when I see good things, I alert about them.
When I see bad things, I alert about them too.
When I see things sliding toward bad at a time when a flashpoint like the FOMC is dead ahead, I definitely make note of it.
I don’t like what the Silver/Gold ratio – which has been our indicator for the current rallies in precious metals and esp. commodity/resources – is doing today. It’s still trending up, but it is diverging the green I see in my holdings. Could be nothing. Could be a big something. Right now it’s a bit of a negative divergence.
Meanwhile, it’s pal the TSX-V/TSX ratio is still okay.
But I wanted to get the picture above in front of you because it is playing out of tune with today’s bullishness, IMO.
