What Thing Looks Like the Other Thing?

Thing 1 (USD) looks a lot like Thing 2 (Gold/Silver ratio), and the 2 riders would bring death and destruction to the macro party if they were to rally

Here is a daily chart of the US dollar fund UUP along with its fellow would-be destroyer of the macro, the Gold/Silver ratio (shown here as GLD/SLV).

As yet the two horsemen are each locked below the 50 day moving average. The patterns look a little sneaky, however. If they stay down, Garth and Wayne party on. If they rebel with a stronger bounce (at least) then macro partygoers are going to issue a collective “ruh roh!” because said partygoers are riding a ginned up reflation by policy.

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