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Strategies & Market Trends : Ride the Tiger with CD

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From: mimur2/23/2009 9:22:47 AM
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a few interesting comments out of GMP this morning on gold......

· We believe the overall market remains at risk until the parabolic ascent in Gold and parabolic descent in Financials are exhausted.

· The Gold to Oil ratio is approaching the top of its 20-year trading range.

· Gold is now more overbought on a near –term basis than the last 2 major intermediate highs in May 2006 and March 2008, respectively.
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