About a month ago we noted that the TSX-V/TSX ratio may have made the ultimate low we were looking for. Getting greedy, we might have waited for a 62% Fib retrace (blue arrow), but a sharp 50% retrace may have been all there would be. Well, it was that second thing.
As long as this ratio is rising I see little reason to abandon the more speculative commodity/resources trades, especially in mineral exploration. At some point, if the Gold/Silver ratio reverses hard upward and this ratio drops, it would be a time for caution.
Just a quick FYI update.
