Silver/Gold Ratio: Bouncing but no ‘all clear’ for the global reflation trades

Just micromanaging this all important indicator as usual.

We find the Silver/Gold ratio continuing to take back the second bear flag that it head faked down from. But the real obstacle is the lateral area converging with the down trending 50 day average. Above that things would get interesting. Below that, not so much (for the various global macro bounce-a-thon* markets at least).

silver gold ratio

* My term for technical ‘bounce-only’ status, largely centered in reflation-sensitive markets and assets.

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