"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10

Tuesday, November 22, 2011

VIX & GSR failed to confirm

The market took a dump this morning, but the VIX (VIXY proxy shown here) failed to confirm by breaking the neckline.  Similarly, silver has been out performing gold all morning implying a speculative burst could be brewing.

Not coincidentally, have you seen the IMF headline?  In essence, it appears that IMF has created a new credit card for countries to use as needed to break the chain of contagion.  Can you say Inflation onDemand?

These pigs will stop at nothing to keep inflating.




















http://www.biiwii.blogspot.com
http://www.biiwii.com

1 comment:

  1. I love it when a plan comes together.

    As opposed to... well... collapsing in utter inestimable horror.

    ReplyDelete