Gold/Silver Ratio Breaking Daily Bull Flag

In this case the precious metals have already been weak, hopefully breaking the spirits of over enthusiastic gold bugs. A warning as represented by a rising gold/silver ratio is for commodity bugs and possibly, stock bugz.

gold/silver ratio

Here’s the weekly view. A little less concerning, but attempting a new high.

gold/silver ratio

I don’t want to be an alarmist or a turd in the punch bowl because really, the bulls have been 100% right every damn time the market party has hiccuped. But that doesn’t stop me from posting things I see out there, whether good or bad. I count on you to manage your own emotions. But just for a little emotional hype… (ha ha ha)…

Disclosure: I do not hold a single short position. At least not yet as of Friday @ 10:07 ET.

Subscribe to NFTRH Premium for an in-depth weekly market report, interim updates and NFTRH+ chart and trade ideas; or the free eLetter for an introduction to our work. You can also keep up to date with plenty of actionable public content at NFTRH.com by using the email form on the right sidebar. Or follow via Twitter @BiiwiiNFTRH, StockTwits or RSS. Also check out the quality market writers at Biiwii.com.