"When misguided public opinion honors what is despicable and despises what is honorable, punishes virtue and rewards vice, encourages what is harmful and discourages what is useful, applauds falsehood and smothers truth under indifference or insult, a nation turns its back on progress and can be restored only by the terrible lessons of catastrophe." … Frederic Bastiat

Evil talks about tolerance only when it’s weak. When it gains the upper hand, its vanity always requires the destruction of the good and the innocent, because the example of good and innocent lives is an ongoing witness against it. So it always has been. So it always will be. And America has no special immunity to becoming an enemy of its own founding beliefs about human freedom, human dignity, the limited power of the state, and the sovereignty of God. – Archbishop Chaput


Tuesday, January 31, 2012

Monthly Gold Charts - January 2012

1 comment:

  1. Hi Dan,

    not directly related to these charts, but:

    you often link silver to the CCI basket, and note it's dual personality as a both a semi-monetary metal, and as a commodity, but if I am not mistaken, you link it more to the latter.

    I closely follow the gold:silver ratio as I do trade it.

    Although through the medium and long term, that ratio is all over the place, it is usually quite a stable ratio in the short term, in other words, too tight for me to trade for weeks on end until there is a step change.

    So, the correlation to gold in the short term is very strong, e.g. we seem to have been at 51.x now for over a week or so, regardless the volatility in the metals intraday during that period.

    And of course, silver has its own dynamics which can lead it to do its own thing from time to time, like in April 2011.

    If there are any updated TA or market insights into this GSR ratio, these will always be much appreciated.

    Thanks for a great blog, I always read it.


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