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Date Posted: 09:20:20 07/18/19 Thu
Author: Philbond007
Subject: Gold/Silver ratio: weekly/monthly candle charts

On 6/20 & 6/21, I posted the gold/silver ratio, noting the ratio hitting resistance on 6/20, followed by an upside violation on 6/21. After a few weeks of flirting above the resistance lines, THIS WEEK, the ratio has made a significant DOWNSIDE BREAK.

Note, a casual glance of the weekly chart looks like a FAILED UPSIDE BREAKOUT, now pulling back. However, it's a COMPLETELY DIFFERENT PICTURE on the monthly. What appears to be BULLISH FOR SILVER on the weekly, is actually POTENTIALLY VERY BEARISH on the monthly chart.

On the monthly chart, this ratio's showing a BULLISH H&S BREAKOUT IN GOLD'S FAVOR, which is now in PULLBACK MODE to the NECKLINE. What appears to be silver bullish on the weekly looks silver bearish on the monthly.

At this point, it's wait & see, & for those who say silver has turned the corner on this ratio, I say it's far too early to make that call. For now PATIENCE is warranted, cause the monthly chart unfolds SLOW.

I have no clue which way this will go, but we'll know soon enough:






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