$Gold/$Silver Weekly

In what is perhaps the earliest confirmation of a risk reversal in GBN.V shares, along with a risk reversal in bullion prices is the position of the Gold/Silver ratio and share price moves in GBN.V. Mostly GBN.V topped out and bottomed out when Gold was at a low compared to Silver.

But now Gold is outstripping Silver, and GBN.V shares have moved concomittantly. The correlation that was reliable up until now is switching polarity, to borrow a term, from strongly negatively correlated to positively correlated.

This would be required if there is to be a bear market that compares to the 73/74 bear market, where equities declined, and gold and gold miners rose:

http://scharts.co/1bZ1HW5

-F6