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The Power of the Pattern shared 9-days ago that a set up was in play to Short Doc Copper and Long Silver. The upper left chart were the conditions in play on 1/13.(See post here).
The lower right chart is an update to this pattern, reflecting a breakout in the ratio. The ratio is heading higher, due to strength in Silver and weakness in Copper.
The spread between SLV and JJC over the past 9 days is around 8%.