As if its ears were burning, the daddy of liquidity indicators weighs in and says that if gold (GLD & SLV proxies used here because stockcharts.com no longer supports daily candle sticks for commodities) breaks current resistance vs. silver, things are gonna get a whole new shade of ugly.
Yet GSR is very short term over bought by the highly sensitive CCI. MACD on the other hand looks stellar. Implication? I guess bulls can play for a little while longer but ultimately if the 200 day moving average is exceeded, the 5 level is immediately loaded, with 5.75 doable as well.
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Gold-Silver Ratio
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