I'll have an end of month post shortly, but I wanted to point out that there's been a potentially important reversal (three line break) on the weekly Dow Jones vs. $GDXJ ratio chart.
I introduced this chart, along with the similar GLD:GDXJ three-line break chart (which I showed was a good indicator of when to buy silver) way back in my March 2013 metals preview. In fact, the GLD:GDXJ chart had a similar reversal earlier in the week that was erased by Friday. So, I'd look there for confirmation.
My gut tells me we're still headed to the top of the wedge on the 10-yr yield vs. silver chart before gold goes on any kind of tear, so I am cautious here.
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