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Tuesday, March 19, 2013
Mining for a Blue Light Special
Based on its momentum signatures and their congruence to the comparative – I pulled forward the GDX:GLD ratio a few weeks.
The long and short of things: the perceived value in the miners in January (see Here), that bled cheaper in February (see Here) – appears poised for markdowns once again. 
The long and short of things: the perceived value in the miners in January (see Here), that bled cheaper in February (see Here) – appears poised for markdowns once again.
Here is the original fit with today’s GDX:GLD ratio. In either case, and as I have stated before with respect to the recent trends in the currency markets – utilizing oversold metrics such as RSI and sentiment can be traction-less strategies in this environment.
For further context, see:
