The GRS is illustrating the depressionary chop. Liquidity trade on, F-TV scream bull market, liquidity trade off, and the wheels fall off with everyone milling around in disbelief.
I characterize this chop with stocks trading within a depressionary box. Lots of drama, arm waving, but overall its nothing more than directionless chop.
Did a new down trend, liquidity trade on, start in 2009? Time and leverage flow support that conclusion. Most likely we've enter a consolidation range shaded green. A break of the orange up trend line would provide more clarity.
Gold to Silver Ratio (GSR) And Gold to Silver Ratio:
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