pantheo

Gold Silver ratio at post 2011 T/L

GLD/SLV  
GLD/SLV  
98 6 7
Possible momentum H&S hints at wedge break
I think silver is in a major uptrend already, if we get a weekly retracement, it becomes a highly attractive long.
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pantheo PRO IvanLabrie
Agree. If s/g ratio break out for real is a first, crucial step. COT are bearish too and need time to heal. We should expect a major up cycle May/June. Yen is also in extreme optimistic sentiment level and hedgers most short since 1998.
+1 Reply
Yes, very interesting scenario for this year. We could see a massive short squeeze in the yen too.
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pantheo PRO IvanLabrie
Japan can not live anymore with a strong yen, they will intervene one way or another. because of China devaluation. Only scenario that they will not is if dollar breaks above 100, which can happen after the consolidation we are now. If Brexit, all the big capital will turn eventually to dollars as euro and pound will be worthless. European banks are broken big time. There will be a time soon I believe that stocks and metals will both go up together and this will confuse those not observing the correlations close enough. It's all about the bonds. How long they can manipulate rates below 0? Big capital needs to hide somewhere liquid. Blue chips then. If 2-10 curve steepen more, lights off. Lot of free air below until base again
snapshot
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You pretty much summed up my view on the dollar.
This bodes well with the BOJ intervention at lower levels still, and with the euro/oil/pound/franc big time retrace I'm envisioning now (Doha as catalyst for oil, etc.)
The technicals support this view as well.
CoT implies the dollar buying already started, but I also see copper/palladium/silver (and cnh, and aud) and stocks recovering and rallying all year, which will definitely confuse all the 'mainstream analysts'.
Cheers.
Reply
pantheo PRO IvanLabrie
Yes, dollar probably is about to begin or already begun a new daily cycle.

Cool, cheers, P.
+1 Reply
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