DOW JONES about to skyrocket based on the Gold/Silver ratio!

Dow Jones (DJI) has been basically consolidating for the past month or so, following the massive April 7th bottom rebound but there is a very distinct indicator that shows it is about to skyrocket.

That is the Gold/ Silver ratio (blue trend-line). Gold (XAUUSD) as a safe haven, attracts capital in times of market uncertainty. Silver (XAGUSD), as a metal of industrial use, attracts capital in times of economic boom and prosperity.

In the past 6 years more particularly, every time the Gold/ Silver ratio declined, Dow started rising aggressively (exception July-Aug 2019, when the market rose straight after), as investors clearly showed their risk-on appetite by buying Silver (optimism) at the expense of Gold (fear).

Dow's current consolidation indicates that there may be high accumulation in the past month and the ratios extended decline suggests a skyrocket move is up next.

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