Equities are most expensive vs. commodities than at any time since 1970. We are at the tipping point of a coming recession which will hit the overpriced tech stocks by at least 30%. Gold and silver would most likely thrive as a safe heaven and silver generally makes even higher gains than gold percentage-wise. Furthermore, gold and silver are quoted in dollars and a weak dollar will further contribute to their rise.
A potential ABCDE pattern is forming and a break of the upper trend line could be the beginning of the bull run. However, we could also range more and the price could fall again which will give us a better price for a long term buy.