GOLD/SIlver Ratio Signals Risk On Gold/Silver ratio represents the appetite for risk
Stronger gold means risk off and vice versa
In spring, the ratio had hit the target for leg 2 (blue) within
large consolidation that took over 4 years to emerge
It travelled the equal distance of leg 1 (blue) and then reversed.
The next step might be the continuation to the downside for the ratio.
The minimum target is to hit the bottom of red leg 1 at 63.
The next target is located at the distance of the red leg 1 subtracted from the peak of blue leg 2. It was set at 43.
Both downside targets are within historical range.
Gold/Copper ratio shows same dynamics of "Risk-On" attitude on the market.
