In a nutshell, this is a great way to see where the bull run is leaning. Just like some do sector breadth for “health check” of US equities… in the precious metals complex, we can use fiat currencies.

You can also add gdx, gdxj, sil and silj to that list…which are all above their 30 week moving averages.

78% of xau pairs I’m monitoring are in a Stage 2 uptrend…

100% of the xag pairs I’m monitoring are in a Stage 2 uptrend…

This will be my early warning system, when 50% are below their 30 week moving average… the precious metals bull run might be severely slowing down… or ended…