Although it may be getting close.
This is the commodities plot we have been tracking for a couple of years--gold/copper ratio on one axis and silver/rice ratio on the other.
The breakout from the area that confined the graph for fourteen years that happened in March 2010 is still active, even after last month's whacking of PM prices. Now we are near the decision point. Does it fail, and fall back into the ellipse? Or does it continue tracing out a new ellipse to the right of the old one.
Even if it fails, it has been the most impressive excursion in the last 17 years.
This is the commodities plot we have been tracking for a couple of years--gold/copper ratio on one axis and silver/rice ratio on the other.
The breakout from the area that confined the graph for fourteen years that happened in March 2010 is still active, even after last month's whacking of PM prices. Now we are near the decision point. Does it fail, and fall back into the ellipse? Or does it continue tracing out a new ellipse to the right of the old one.
Even if it fails, it has been the most impressive excursion in the last 17 years.
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