GSR close 69.67 today 2-4-10
gsa1fan
Posts: 5,566 ✭✭✭
Why so high? Best ratio buying point?
Avid collector of GSA's.
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The only positive indication I can see is that GSR is currently in a 3 week up move that is in it's 5th and probably final short term leg. It should be time for at least a short breather. Worst case is that the GSR pattern of the past 5 months has a striking similarity to the pattern from March-July 2008. And then in August 2008 GSR went balistic with the markets tanking. It briefly topped out just above 90. It has reached highs of around 100+ in past decades.
A rising GSR indicates money flowing out of the marketplace. That trend has accelerated over the past couple of weeks which means everyone is starting to hunker down by dumping anything not considered "safe." That's not good for stocks and commodities. For now it's good for dollars, yen, and treasuries.
roadrunner