Chart of the Week – SLV:GLD RATIO – What I Have Been Looking For Just Happened

I have been wanting this to turn up and waiting for this day to come. The Silver Gold Ratio has broken Higher. 

Friday saw a Silver spike that was much different and likely initiated a short squeeze during the day that saw the futures rip to 17.20+. I have a feeling this is only just the beginning. We still need confirmation here from the ratio below on a weekly basis but this is beginning to look very promising.

Look how the Ratio began to turn up on Friday on this daily chart. an explosion with a bounce off the 200 day MA and 50 day MA. This is going higher and likely this week.

screen-shot-2017-01-29-at-11-30-46-am

Below is the Weekly Chart. I want to see this close over the 200 day Ma on a weekly basis. Remember on the BIG rallies silver LEADS gold. This is what we want.

screen-shot-2017-01-29-at-11-30-34-am

Long the Metals. 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s