February 25, 2021 - (Gold Market Wire) - The reversal we were looking for in the Gold/Silver ratio started....and then failed. On Tuesday we traversed 64.00 to 66.00, but we failed to consolidate the gains and have headed right back down, to where we exited the market. The ratio looks weak again...but still hasn't broken the support line. The chart sets out the parameters.

And so it looks like a return to the previously scheduled program, with Gold off about 1% and Silver off about .4%... but, in support of our correlation theory that the 'inverse monetary proxy' idea doesn't really work anymore - the Dollar has worked lower to 1.22 vs the Euro, while the Metals slide.

So, we didn't get the reversal to hold, but we were right about one thing.... its choppy all the way today and yesterday, and that, for us, means staying on the Metals sidelines and still expecting the US Dollar to get stronger. We note also, that Gold is in a precarious position right now...and needs to get a move on. Support lines are beckoning and if we don't hold - we could get a strong move lower.

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Right now its all little more than a waiting game. Chasing action never works.