Yesterday we noted the Gold-Silver ratio and the US dollar would not remain disconnected and with today’s market disturbance, indeed they are back on the same page. While gold is still short-term bearish vs. silver, if that changes the 2 Horsemen could be the bringers of unpleasant near-term outcomes for casino patrons far and wide.
So the play appears to be if GSR & USD are in breakdown mode, party on Garth. But if they are on some sort of retest of the lows then step away from the punch bowl Garth.
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