📝 The Cheat Sheet - February 8, 2020

 
Profit Trends
 
 
📝 The Cheat Sheet
 
 
+2.4% YTD +6.2% YTD +3.1% YTD
Dow Jones Industrial Average Nasdaq Composite S&P 500 Index
 
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Left Quote Times change, and so do trends... As I've said before, and will continue to say for years to come, identify the trend and act accordingly. Right Quote
  - Matthew Carr
Chief Trends Strategist
 
 
Chart - Gold to Silver Ratio
Precious metals enjoyed glittering performances in 2019.

Palladium shot up nearly 40%! That's double the return of the broader markets last year.

Gold surged more than 17% higher! That put it ahead of the Dow Jones Industrial Average and in line with the S&P 500.

And silver was up almost 13% through the first three quarters of the year... though that might be about to change, as you'll soon see.

You see, something very rare just happened... something gold traders haven't seen in more than 25 years.

The gold-silver ratio topped 90.

We've traditionally seen gold pull back when the ratio goes above 80. At the same time, silver tends to rise. So metals traders historically use these levels as pivot points - moving to gold when the ratio falls to 40 and then switching to silver when it goes above 80.

Though, over the past year, the ratio has stayed above 80. And it just keeps marching higher.

Read More...
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