Doink meaning ‘an important signal is triggering’.
It is all well and good for us to look around the macro and see charts bouncing and otherwise reacting to geopolitical news which, in its effects on markets like Energy, etc., is also macro news.
But as always, we want to have internal proof in the pudding. Just as in 2025 coming out of the Tariff tantrum correction we took note of the Silver/Gold ratio and its tendency to put in a hard bottom after a spike down. It did, we tracked its recovery and projected a broad bull phase in the markets (especially precious metals and certain commodities/resources).
Preamble aside, an NFTRH+ update from last week declared “watch silver”. From the update:
Now if silver takes out the (blue) SMA 50 and the April 17th high of 83.06 we would shift to bull now from bull later.
Not rocket science.
Here’s the Silver/Gold ratio this morning, pre-market.
If the signal holds and the SGR rises from here, a big time bull signal across many markets, obviously including the precious metals, will be in play.
[Edit] The quote above was for silver, not the Silver/Gold ratio. I should have been clearer about that (a lot of balls in the air this morning). But still, this is a fine signal. As for nominal silver, it is still trying to take out its April 17 high. As you were…
