But what does it all mean? Well, if we remember that the GSR is the metal’s version of the fear vs greed ratio it means that the whole complex is getting more bullish, simple as that. What you do with that snippet of info all depends on your own personal risk tolerance. Me, being the whuss of ages will just sit on my current positions quite happily and maybe employ a bit and a piece of the cash on the sidelines in a couple of value plays identified (subscribers will have a very good idea where) but I won’t be going overboard….as usual.
Chart of the day is…..
Because gold might well be catching all the headlines and even getting mainstream financial media chattering, but while the yellowstuff goes apeshit, the white stuff is going apeshitter.