Gold/Silver ratio still needs to break below trendline for bulls

Still awaiting key level to break... in the past few cycles it was stubborn and required a retest of the overhead supply breakdown (about 86.0)... currently the level is around 83.0.

The bottom panel shows the ratio... on top panel I have plotted SnP500 in blue and gold (in gold color) and silver (in silver color). You can see the lats two crisis also had periods of significant gold and silver price pullbacks... it's not all straight to the moon for the precious metal moon boys.

Kommentera:

The bottom panel shows the ratio... on top panel I have plotted SnP500 in blue and gold (in gold color) and silver (in silver color). You can see the lats two crisis also had periods of significant gold and silver price pullbacks... it's not all straight to the moon for the precious metal moonboys.