Check this later today after the close (don't know if the daily
value is available immediately after the close) to see if we get a
cross -- seems likely. Although the BPGDM whipsaws a little, this
has been a good intermediate term indicator.
Yes it could, here's the chart, the 8 day MA. Of course the
GDX/GLD ratio on the 15 min and 60 min chart last week gave us a
much earlier sell signal, I've included the chart
Probably -- More likely than not the dollar is the key -- if the
dollar continues to rally then both will probably sell down
together unless we suddenly get some kind of decoupling. My hunch
is that eventually we will get a decoupling, but IMO that is
somewhere out in the more distant future.
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BPGDM on verge of a sell signal
Posted by puma on 11th of Aug 2009 at 02:14 pm
Check this later today after the close (don't know if the daily value is available immediately after the close) to see if we get a cross -- seems likely. Although the BPGDM whipsaws a little, this has been a good intermediate term indicator.
Yes it could, here's the
Posted by matt on 11th of Aug 2009 at 02:23 pm
Yes it could, here's the chart, the 8 day MA. Of course the GDX/GLD ratio on the 15 min and 60 min chart last week gave us a much earlier sell signal, I've included the chart
BPGDM chart
Would the sell signal be bearish for equities as well since they trade in step?
Posted by chlo888 on 11th of Aug 2009 at 02:25 pm
Probably -- More likely than
Posted by puma on 11th of Aug 2009 at 02:36 pm
Probably -- More likely than not the dollar is the key -- if the dollar continues to rally then both will probably sell down together unless we suddenly get some kind of decoupling. My hunch is that eventually we will get a decoupling, but IMO that is somewhere out in the more distant future.