I seem to recall some comments when I first started highlighting this chart 2 or 3 years ago to the effect that the significance of this currency pair/ratio was history, and it should be discounted. The chart was very clear though. It was saying a new PM bull was about to start. I kept an open mind, but the chart has continued to respect all the support lines and signal that we are in the very early stages of a cyclical bull market in PM’s. The chart was right. It’s a good lesson in evidence gathering and not dismissing any pieces of the puzzle (for or against your own personal beliefs),