Gold Ratios - June 29, 2015

Gold vs. Silver is up but still in consolidation longer-term. It must turn down here or there will be concerns for many markets.

gsr

 

Which would add to the concerns already stirred (in me at least) by the Palladium-Gold ratio (flipped over here)…

gld.pall

 

Gold vs. SPY is popping but still in a downtrend on Greece hype day.

gld.spy

 

Gold vs. hedged Europe is not much better and this indicates just how not worried most people should probably be about Greece.

gld.hedj

 

 

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