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.


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.


Long the Metals. 


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