Silver Has Jumped The Creek

Silver will lead another liquidity blast. This is illustrated by the gold to silver ratio (GSR).

In early August I suggested that,

While the ratio remains above June 2009 swing low, today’s technical suggest that another wave of currency debasement lurks just around the corner.

Today's price and volume action suggest that silver has "jumped the creek" above near-term resistance. This has increased the pull of the May-June highs.

Silver ETF (SLV):