The ratio charts on Slope telegraphed the historic precious metals move months in advance. Let’s catch up with a few of these. On the whole, the message is the same: long-term, precious metals will beat the pants off of equities. Shorter-term, precious metals have moved so far, so fast, that the snapback – – which has already started – – is bound to be violent.
The NASDAQ Composite divided by silver finished its topping pattern weeks ago. What’s remarkable is how the price action plunged beneath the completed top with far more force than the prior instance.

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