I know. I was going to make that observation last week. Very similar to the 2016 move down. The ratio charts like GDX:GLD and SIL:SLV look absolutely terrible.
Even I’m not quite this pessimistic at this point.
I’m tracking old ETF FSG …. = UGL/SSO, on the monthly.
And I’m seeing “proximity” to a bottom.
IF … the PMs reverse on an SPX top (rather than BOTH falling together), then a bottom this spring is nearing.
IF NOT … and equities simply fall faster … ‘nuther story.
gold and silver bullshit market
Altamira keeps getting some love
https://www.tradingview.com/x/2PVE29cy/
neolithium in the coil
https://www.tradingview.com/x/kQVky9bn/
https://www.tradingview.com/x/nWfrafgj/
Garbage market, very similar to 2016 pop and drop. 3 or 4 year churn and burn to follow now? 🙁
I know. I was going to make that observation last week. Very similar to the 2016 move down. The ratio charts like GDX:GLD and SIL:SLV look absolutely terrible.
Just slot machines.
Which are rigged.
Even I’m not quite this pessimistic at this point.
I’m tracking old ETF FSG …. = UGL/SSO, on the monthly.
And I’m seeing “proximity” to a bottom.
IF … the PMs reverse on an SPX top (rather than BOTH falling together), then a bottom this spring is nearing.
IF NOT … and equities simply fall faster … ‘nuther story.