S&P TSX Global Gold Index - Weekly

The S&P TSX Global Gold Index weekly chart over the long term offers the same relationship with the gold/silver ratio in its strong inverse correlations as GBN.V shares do. GBN.V is the first and foremost gold mining dog on the listed stock market, preceding a decline in dog gold mining shares.

It looks as if brokerages will continue to pile onto the short side of gold mining shares, given the monthly close of gold prices have underperformed expectations of an immediate collapse of the world financial system.

I think gold prices will continue to advance, and at the same time, people will come to realize equities don't have much worth in a bear market unless they pay dividends.

The gold/silver ratio was showing an interim high in October, and will probably show an interim low when the ratio bottoms out, as on the chart:

http://scharts.co/104iwqi

-F6