GOLD/SILVER RATIO
Short
Updated

Gold to Silver Ratio

120
Following up my outlook on silver, this furthers my bullish silver bias. The last monthly close has wicked massively from the topside. Either this is a channel that has broke above and bull trapped or (depending on where you draw your trend lines) it could be a broadening wedge. Either way I would see this as bearish for the gold to silver ratio.

At the very least I surmise that this would have to touch/test/SMASH/DEMOLISH the bottom trend line, right?

To summarise. If this was a price chart for an asset; I would certainly be weary of longing it right now!
Note
Tried to clean the lines up a little bit and also showing a lower time frame (weekly). Looks good!

snapshot

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