Copper/Gold ratio and Gold/Silver ratio
While Cu/Au continues to do its up/down whipsaw dance…
Au/Ag is curiously weak while sometimes-companion USD goes the other way, bouncing hard to test its breakdown from the SMA 50.
It is strange, however, that silver is well positive today, even breaking above its daily SMA 50, and yet the silver miners are negative and still sucking technical wind.
But keeping it strictly in the realm of indicators, it will be interesting to see if Au/Ag is leading USD and also what the heck Cu/Au decides to do at this macro decision point. Recall the epic monthly chart in this post from 1.14.22.
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