Potential Bearish Cypher

I present this potential Cypher for several reasons:

1. This ratio will rise as Silver rises. As the CD leg is
a rally in this ratio, this implies Silver is rising as well.
The fact that this CD leg appears to be setting up for
a move to the PRZ is further implication that the
metals may be turning.

2. IF one agrees that Silver is headed higher longer term,
this AGQ leveraged fund is shown as an option. The ratio
simply shows how it would react to Silver rising.

So, while the Cypher is geared to highlight the PRZ for reversal,
Im showing here as potential further support for the metals rally
scenario in light of the CD leg reaching the PRZ (which is NO
guarantee, of course). It can be traded or simply monitored for
insight into the metals group itself. If/when the ratio would reach
the PRZ, at that time it would likely be prudent to consider selling
any Silver/AGQ held as a reversal in the PRZ would imply to do so.