One of the outstanding unresolved issues for me is the below: - The chart ratio pushed through a triple top signaling significant uptrend ahead. - The ratio found support at those same triple tops in Sept and a nice reversal bar.
So I expect the equity markets to continue to push up with more velocity and volatility over the coming months and culminate in a sharp reversal. In the iterim gold, which did not pull back much from the Sept high (so showing signs of underlying strength from it signifcant base), will continue to remain moderately bullish until the equity failure and then blitz.
Silver, won't do much until it crosses the two monthly tops in Mar '08 and Jul '16.
The above is pure speculation (obviously).
SVL Price at posting:
10.0¢ Sentiment: Hold Disclosure: Held
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