Pretty straightforward. The ratio was in a wedge depending on how you draw it for at least a decade The blue bars are all cloned off of the wedge hight and it set the target for popping out both the top and bottom. Price action popped first out of the wedge in gold's favor and now as many traders pivot I think we will see over-performance to the downside and we will see the price target clearly taken out over the next six months.
Paper and physical silver prices have very clearly decoupled as some close paper silver and others buy physical. I still see a potential head and shoulders on gold futures as price decouples so the physical and paper strategies vary here.
I also see a potential BARR bottom in the works for silver and that itself calls for giveback as the lead-in trendline is tested. I am going to do a post on that potential BARR later today, so stay tuned.
Paper and physical silver prices have very clearly decoupled as some close paper silver and others buy physical. I still see a potential head and shoulders on gold futures as price decouples so the physical and paper strategies vary here.
And I promise every Floridian that you will all be rich... because we're gonna print some more money! Why didn't anybody ever think of this before?
~Nathan Explosion
~Nathan Explosion
