Short term time horizon charts, whether for silver or SILJ, are all out of whack with the longer term macro shifts occurring since gold’s bottom in January 2016.

Charts lead, headlines follow. Debt ceiling etc. etc. …

As the tweet below says: “Student becomes better than Guru. Zoom out picture changes. Need to invalidate bullish Inv HnS on monthly.”

On a short term chart, this will look like a picture perfect inverse head and shoulders which indicates Dow will shoot up against gold.