Near term action in the miners…
Based on sil:slv and gdxj:gld ratio charts, I don’t think there will be any huge move possible in the miners until the last week of December. I base this on the shape of the Ichimoku cloud. Flat, horizontal cloud borders are very difficult to break above. If a real break through a cloud does come, it is typically when the clouds border’s are angled.
It’s possible the metals and miners both go up together and the ratios flatline, but I doubt it. More likely we get a sideways grind for the next few weeks. More frustration.
Based on past experience with the PMs you are probably right.
However, general equities are “exempt” from having to touch their 50 and 200 day MAs. An extreme example is Tesla which is trading about 5 times its 200 day MA.