revilo1987

gold-silver-ratio

Short
revilo1987 Updated   

As You can see an apex which showed bullish absorption was cutted the bearish style, to be tested if it will sustain strength. Now we see a rising wedge with shortening of time in the upper area and no shortening no expension of time at the lower boundaries.

This leads to the conclusion, that gold is sold and silver is bought.
Silver and copper are industrial metals. When they show strength vs. gold the markets are in an early stage of a big trend with a lot of bredth indicators moving to the upside soon.
Comment:

the converging continued and now it is leaving a small range to the downside after a downside expansion :)
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