G&S ratio rising could be bearish on metals medium term
The G&S ratio is back above resistance (now support) and wants to break out of the bullish wedge in dark rose color.
If that happens, an inverse H&S formation could play out and shoot us up (blue line) to the extension of the rising resistance of the (yellow) bearish rising wedge. This would mean a last hurray spike of the ratio, to touch the apex a last time before falling again.
The final fall of the G&S ratio would then signal the risumption of the bull market and the further collapse in the G&S ratio would signifie a raging bull market for precious metale (both silver and gold - but especially silver).
The bull market in metals is unavoidable with the current macro sitauation. However its resumption could be delaid if this set up plays out.
If that happens, an inverse H&S formation could play out and shoot us up (blue line) to the extension of the rising resistance of the (yellow) bearish rising wedge. This would mean a last hurray spike of the ratio, to touch the apex a last time before falling again.
The final fall of the G&S ratio would then signal the risumption of the bull market and the further collapse in the G&S ratio would signifie a raging bull market for precious metale (both silver and gold - but especially silver).
The bull market in metals is unavoidable with the current macro sitauation. However its resumption could be delaid if this set up plays out.
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