G&S ratio rising could be bearish on metals medium term

The G&S ratio is back above resistance (now support) and wants to break out of the bullish wedge in dark rose color.

If that happens, an inverse H&S formation could play out and shoot us up (blue line) to the extension of the rising resistance of the (yellow) bearish rising wedge. This would mean a last hurray spike of the ratio, to touch the apex a last time before falling again.

The final fall of the G&S ratio would then signal the risumption of the bull market and the further collapse in the G&S ratio would signifie a raging bull market for precious metale (both silver and gold - but especially silver).

The bull market in metals is unavoidable with the current macro sitauation. However its resumption could be delaid if this set up plays out.