When you zoom out, and look at the potential for fractal self similarity, there would need to be a retracement about 2.5 times as great as the 20% we have seen so far... or 50% from recent highs.
The signal is bearish, which supports the possibility.
Bitcoin volatility is not confirming this, but that could change quickly.
Not unprecedented pre-halving...
Many, many factors support the outperformance of silver ...
The longterm chart of the gold/silver ratio shows the holding of the down trend, and since I did the chart in March it has been retested and now continues it's downward march to levels few can believe right now.
For an "uncontrolled sell of in bonds" it's interesting you can run a ruler under the trend.
Maybe not . soooo ... uncontrolled.
The upward ( acceleration ) in the yield trend recently is notable)
I keep hearing many very clever people talking the Bull case for the USD, too many to list... Raoul Pal ( Real Vision), DiMartino Booth, Jeffrey Sneider.
But I'm more with the Luke Gromen mob who suspect it may go the other way.
Technically, it's a rising bear wedge and why shouldn't we be prepared for big drop! If it happens, you'll look at the chart and go Daaaah!
