Where is Support on the Gold/Silver Ratio?

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Based on the daily chart below, I think a case can be made that support on the gold/silver ratio is at around 71. If the ratio reaches that level in early next year, it may run into the trendline shown on the chart as well, which may reinforce the market's view of that point as a support level .

Of course, if the bottom is in for both gold and silver , trading the ratio may not be the most lucrative idea -- especially if silver outperforms on the way up, as it often does. A break below 71 and below the trendline may suggest the upwards trend in the gold/silver ratio is finally over.

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