“We are all agreed that your theory is crazy. The question which divides us is whether it is crazy enough to have a chance of being correct. My own feeling is that it is not crazy enough.”
― Niels Bohr
Click on any chart to engorge it
Click on any chart to engorge it
Gold Bugs vs. Dow Update
The ratio of the AMEX Gold Bugs Index to the Dow Jones Industrial Average might be breaking out to new highs today after an 18 month basing period. We're looking for the next major move to be driven more by a substantial decline in the DJIA than a big move up in HUI.