Not a good look for the early openers: Kiwis flat, Aussies -0.6%, Japan and Sth Korea closed.
Aussie sectors ranging from IT +0.6% down to Materials, Miners and Telecomms, all -1.2%.
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World Stock Markets Trading Discussion - Half-hearted haggling
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Posted 03 May 2017 - 09:59 AM
Burned Once (Enron, Global Crossing, WorldCrime, etc.).
Posted 03 May 2017 - 11:09 AM
The gold silver ratio has had a major move. Indicative of the weakness in the silver price. On a weekly chart the ratio is well above the upper Bollinger band. Typically, at that point we see a reversal.
The only time the ratio did not reverse and continued to stay over the upper Bollinger band was from July 2008 to October 2008. When the stock market dropped out of bed!.
"Don't piss on my back and tell me its raining!"
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