The chances of it going down is much greater than the chances of it going up. We need to watch the lines.
It seems to have been rejected by the primary downtrend line (purple) on 4/20/2016. We need to watch it closely.
It seems to have been rejected by the primary downtrend line (purple) on 4/20/2016. We need to watch it closely.
Knowing when to get into contrarian assets is essential to trading in Keynesian markets.
The big direction of this ratio is obviously down, and there are only three ways this ratio can go down: 1. Silver going up and Gold going down; 2. Silver going up more than Gold going up; 3. Gold going down more than Silver going down. #3 is very unlikely and #2 is most likely. Personally, I'm long both metals.
I hope you are not short oil, because it just broke above a major line. Watch the lines.
Watch the lines. Lighten up on shorts if it confidently breaks above the middle of the three black lines.
Use it with benevolence and love. Use it to pursue peace and serenity. Keep in mind that Doing cannot do much without Non-doing.