Tuesday, August 5, 2014
silver is plummeting, so obviously that means economic contraction
Silver is droppin' bad!
And when silver goes down more than gold, the GSR goes up just because division of a numerator by a denominator works that way:
And when the GSR goes up that means imminent economic correction, because both wharrgarbl and potato.
Let's just ignore the weekly ratio chart which is doing nothing interesting at all:
Let's especially ignore the embarrassing fact that three years of an uptrend in the GSR has coincided with something like a 70% gain in the S&P 500. Wow holy corrective environment for asset markets, eh Batman?
The gold-silver ratio is an utterly meaningless made-up indicator. Don't waste your time with it.