USD Starts to Take Notice of the Gold/Silver Ratio

The US dollar has halted while the Gold/Silver ratio has another day of slippage.

Because the relationship between these two (correlated or not correlated) and the direction they go when correlated is so important… maybe not to most market participants, but to nerds like me and others who want proper internal market signaling, we note this important market juncture, which will likely either see USD and the Gold/Silver ratio head down together (party time) or up together (refuge-seeking time), we watch.

Yesterday it was noted that USD was still spiking while the Gold/Silver ratio dropped for a test of its pattern top.

Uncle Buck Missing His Partner Today

Today Unc is at least pausing to think about it…

…while the Gold/Silver ratio continues to bore into its pattern top. I covered my silver shorts yesterday but the situation in gold vs. silver is far from resolved in silver’s favor. Still, it is a second day of downside. Hence, bears watching if you, like I, value these indicators.

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