Switching to another of my favorite topics heres a quick look at the Gold Silver Ratio.
This chart goes back to roughly 1984 the year George Orwell predicted a totalitarian govenerment. Which in hindsight, I think he more or less got right. Did you know Intel agencies can covertly switch on your smart phone microphone and evesdrop whoever they choose ?
Back to the topic of Gold and Silver Ratio. What the chart is showing is a large channel going back several decades. When the ratio is at the top of the range silver is cheap relative to gold and when at the bottom its the other way around with Silver expensive compared to gold.
We are seeing now that ratio is jammed up at the top of the channel and much more likely to fall from here than break upwards. Signiying that Silver is a better bet than gold at the moment.
To me this portends a rally in Silver (and probably Gold too) which will send the ratio back down perhaps all the way to mid 20’s.
Heres closer view of a more recent time frame with arrow showing which way I expect this to break..