Mike Roy https://goldbroker.com/author/mike-roy As the calendar turns to May and many of us in the Northern Hemisphere start thinking about shedding some pounds in preparation for the beach season, I'll try to provide you with a little incentive this week in the form of charts. For decades now, investors have "fattened" their trading accounts on two American bellwether stocks — McDonald's and Coca Cola. This week, we'll look at both in terms of their ratio to gold to see if it might be now time to rotate out of the stocks and into gold for the years ahead. We'll start with Gold/MCD and first note the 1980 all time high when it took 826 shares of MCD to buy just one ounce of gold. In the proceeding years, gold prices absolutely collapsed against the fast food giant, falling to as low as about 5 shares of MCD to an ounce of gold by the year 2000. However, the last few years shows us that an interesting turnaround could be in the making. It started in 2022 when the ratio held a 23-year doub... Tue, 05 May 2026 05:30:12 +0000 https://goldbroker.com/news/time-trade-fast-food-stocks-mcdonalds-coca-cola-for-gold-3706 Oil has been on a tear this year, near $120 last month, on what most would likely attribute to hostilities in Iran and a battle to control the Strait of Hormuz. While there is no doubt that the geopolitical backdrop has provided fuel for this run (pun intended), my readers also know that current events have served as nothing more than a match to light a fuse that had been set within the price charts long, long ago. This week, we'll start with a quarterly chart of oil that looks at about the last 25 years of price action. The 17-year wedge is very well defined. After a false breakdown of the oil price during the Covid lows in 2020, my readers know that it then became only a matter of time for an upside wedge breakout. After breaking out of the 17-year wedge, price then formed a very clean 5-year bull flag. Again, as we watched the flag form, we knew again that it was only a matter of time before we would see a big breakout, which we did last quarter. Taken as a whol... Tue, 14 Apr 2026 12:12:00 +0000 https://goldbroker.com/news/oil-long-way-to-run-silver-outperform-3699 Last week, we looked at a couple of charts that suggested the current pullback in precious metals may have another leg down before we can begin looking higher. We're in a vicious pullback that is sure to test the resolve of even the most hardened metals bulls. This week, we'll take a broader look at three ratio charts that must go the way of the bulls if the metals are to see that next leg higher. The first chart is a ratio of the Dow Jones Industrial Average to gold and is indeed the most promising. The 100-year chart shows a clear pattern of big secular runs higher in the ratio before transitioning into waterfall declines that break multi-decade support. These waterfall declines have accompanied very big bull markets in gold with the 1970s bull being most notable. The ratio just broke down from 45-year support last year, a strong signal that the secular bull run in gold that began in 2001 had an impulsive multi-year run ahead of it. Based solely on this char... Tue, 31 Mar 2026 05:25:03 +0000 https://goldbroker.com/news/gold-silver-bull-markets-rest-three-charts-3692 Last week, I showed you that Gold/Euro had recently completed an historic measured move that was 20-years in the making. This week, we'll return to gold and silver in dollars but continue to analyze the recent blowoff moves and why a retrace/consolidation is to be expected before the next major leg higher. We'll start with gold, which I have defined as a 53-year bull channel. The last couple of years has seen an impulsive quarterly advance and even a candle wick above the upper rail of the channel before being repelled from what is naturally expected to be very stiff resistance. Gold is prone to 20%-30% pullbacks during even the most aggressive bull cycles, so one of that magnitude certainly would not surprise here. A short-term move toward $4,000 and even below cannot be ruled out. It would certainly reset sentiment and would actually be quite healthy behavior if we expect gold to move significantly higher from here. However, the fascinating thing about this... Tue, 24 Mar 2026 06:30:32 +0000 https://goldbroker.com/news/gold-silver-bull-markets-get-wild-3688 This week we will look at both Gold/Euro and Silver/Euro and see what their similar chart structures might be telling us about the future direction of metals prices. The first is a 20-year chart of Gold/Euro that I have shown you before and have defined as a 20-year bull channel that just recently broke out last month. Here, we can see that price spent the month of February backtesting the channel, and the wick on the monthly candle certainly hints at further upside to come. What I want you to notice from this chart is that price achieved its measured move out of its 9-year arc nearly perfectly prior to this recent channel backtest. I have often said that price charts like symmetry, and an impulse move into a large structure is often reciprocated by an equal impulse move out of that structure. This brings us to the chart of Silver/Euro that looks quite similar to Gold/Euro with an impulse move into a massive arc, this one 14-years, followed by an impulse move ou... Mon, 02 Mar 2026 06:26:41 +0000 https://goldbroker.com/news/gold-prices-euro-completes-historic-measured-move-3681 There has been a lot of angst in the silver investing community since the price topped around $120 last month before shedding nearly half its value in a matter of weeks. There is plenty of muscle memory from the euphoric tops and painful drops in 1980 and 2011, leaving some investors downright panicked. This week, we are going to take a closer look at the short term price action and will see that the chart pattern looks pretty familiar to a much more famous bottoming pattern, and thus a lot more comforting. The first chart we will look at is a weekly chart of the Dow Jones Industrial Average during the Global Financial Crisis. Back then, price topped around 14,000 before tumbling more than 50% into 2008, culminating in a nasty 8% single candle drop over a week in March, 2009. We didn't know it then, but March, 2009 was the period of maximum fear and a long term bottom that took the shape of an Inverse Head & Shoulders. From that low, the Dow has increased m... Tue, 24 Feb 2026 06:20:35 +0000 https://goldbroker.com/news/silver-price-action-familiar-bottoming-pattern-3676 This week we'll review a few ratio charts that compare the gold price to various measures of housing in the United States. Despite the housing devastation that took place during the Global Financial Crisis, the old axiom that you can never go wrong buying a house continues to persist. Compared to gold however, we'll see that US housing has been a terrible investment over the past quarter century and will likely continue to be so for years to come. The first chart is the ratio of the median home price in the United States to gold, which I have defined as a yellow horizontal channel going back to the 1960s. The double top (1968, 2001) is notable, as is the near 90% drop in the ratio over the last 25 years! Just last year, the ratio broke down from 45-year support, which led to a waterfall decline that has been evidenced by gold's recent surge higher. As we now approach the lower rail of the yellow channel, I see a potential double bottom as being the best... Wed, 04 Feb 2026 06:29:55 +0000 https://goldbroker.com/news/gold-likely-crush-usa-real-estate-years-come-3665 This week, we will look at how two gold ratio charts are telegraphing a secular bull market that has a great deal of fuel left in the tank and in fact may just be getting started. The first chart is that of the long-term Gold/Silver ratio, which I have defined as a 65-year ascending triangle. Generally, a falling ratio is good for metals prices and a rising ratio is a headwind — the correlation isn't perfect, but it is quite useful when values move to extremes like it did in 2020 to mark the silver bear market low. I've discussed before that various wedge and triangle formations are not inherently bullish or bearish but must be watched to see how they breakout. Sometimes we are lucky and get a false breakout as an advanced warning. I believe that's what we have here, with the false breakout in 2020 signaling that this rising triangle will resolve bearishly. We will watch the ratio closely as it approaches the lower rail, 58-year support, for a pot... Mon, 19 Jan 2026 06:10:28 +0000 https://goldbroker.com/news/gold-ratio-charts-suggest-much-higher-prices-ahead-3658 2025 has drawn to a close, and precious metals bulls have plenty to be grateful for with gold closing the year at $4,325 and silver at $71.47. The significance of these annual closing values cannot be overstated — they are truly historic. And as we'll see in the following charts, the party has just begun! We'll start with a near-century-long chart of gold, which I have defined as a broad bull channel that began at the lower rail in the days of America's Great Depression and FDR's confiscation of gold, which he soon after revalued. The gold price remained fixed until 1971, where we see price begin to drift upwards. I have said many times that a price channel's validity is often supported by what happens at its midline, and here we see a clear rejection in 1974 and support in 2001. More recently, we saw a strong rejection in 2012 at the upper rail and then a consolidation around the upper rail beginning in 2020 as price began to coil in preparatio... Mon, 12 Jan 2026 06:15:30 +0000 https://goldbroker.com/news/gold-silver-year-end-review-party-has-just-begun-3654 This week, we'll take a look at Gold/Euro, as it now finds itself at a critical juncture in its secular bull market. I have defined this monthly candle chart as a 20-year bull channel with clean touch points at each rail. The channel shows some very nice technical symmetry, as price moved impulsively higher during the early-2000s, consolidated those gains within a nine-year arc, and exited with a similarly impulsive leg higher off the Covid lows. Last month, price hit the upper channel rail and was sternly rejected, signaling strong resistance at this upper boundary. Given this historic price action, investors would not be blamed if they began to wonder if the secular bull in Gold/Euro might be over. For it to continue higher, price would have to break out of an already steep ascending channel. Can it? The next four charts of gold priced in other major world currencies: JPY, CHF, CAD and AUD. In each case, price can also be defined as a very steep long-term... Mon, 15 Dec 2025 06:14:22 +0000 https://goldbroker.com/news/gold-euro-major-inflection-point-higher-prices-still-likely-3635 Over the past couple of years, I have shown you numerous ratio charts that suggest a precious metals bull market is in full swing. This week, we will add a couple more into evidence that highlight the sheer magnitude and duration of this magnificent bull. The first is the ratio of United States Government Debt to Silver and tracks all the way back to the early-1940s. When debt has outperformed Silver, we have generally seen paper assets strongly outperform hard assets. I have defined this chart as a giant rising wedge, and what should immediately stand out is the sharp rise in the ratio from 1980-2000 that mirrored a tremendous bull market in the American stock market. I have also noted two bullish broadening falling wedges in which Silver outperformed debt and resulted in major bull markets for the precious metals. If we look at the price action of the last decade, we can see it has formed another major consolidation pattern in the form of a broadening wedge.... Mon, 24 Nov 2025 06:28:11 +0000 https://goldbroker.com/news/gold-silver-poised-outperform-everything-3629 There has been a lot of chatter from crypto enthusiasts and promoters on social media these days about a great rotation out of precious metals and into crypto that will commence at any moment, and their charts and talking points have been dubious at best. This week, we will look at both the Bitcoin/Gold and Silver/Bitcoin ratios to see if we can get a clear-eyed view on where things are headed. The first chart is Bitcoin/Gold, which I have defined as a nearly five-year ascending triangle. Those who follow my work have heard me say before that both ascending and descending triangle patterns are not inherently bullish or bearish; that is, they can represent either a continuation pattern or a reversal. Therefore, you must look for additional confirming information and watch closely to see how they break. In this case, the ascending triangle has already broken down, backtested and fallen away. In doing so, it also has created a compelling head & shoulders pa... Tue, 28 Oct 2025 06:21:04 +0000 https://goldbroker.com/news/time-sell-your-bitcoin-buy-gold-silver-3622 This week, we will look at two silver charts unlike any you've ever seen to get a better sense of where we are in the current bull market and just how much upside remains. Let's start with a 225 year monthly line chart that I have defined as a pair of fractals. The first one (pink) played out over more than 100 years, while the current one (purple) appears to be playing out in half that time. If you look at Points 1-6 on the purple fractal, you'll see they match up quite well to the pink one. There are even similarities to how price straddled each neckline prior to Points 5 on each. If Point 7 is to play out on the current fractal, the price of silver would more than double from here without a significant pullback. If we ultimately see Point 8 as well, price would launch into the multiple hundreds of dollars. The second is an incredible 225-year quarterly candle chart. Note that the channel and arc that played out from the mid-1800s early 1970s w... Tue, 14 Oct 2025 05:13:47 +0000 https://goldbroker.com/news/big-picture-silver-charts-point-triple-digit-prices-3610 It has been a while since we have looked at Silver/Euro, but given the breakout we are seeing this month, this is one we want to revisit. While the title of this article may sound hyperbolic, a review of the following charts will demonstrate it is quite reasonable to conclude that Silver/Euro is on the cusp of big moves ahead. We will start with a 20-year monthly chart of Silver/Euro. The chart is a busy one, so we will go through it step-by-step. When you understand Silver/Euro's natural trading behavior, the potential ahead becomes self-evident. I have defined the chart as a series of consolidation patterns, followed by breakouts. The first consolidation was a 54-month expanding bullish wedge that began in 2006 and ultimately resolved in an historic 400% total move that signaled an important top in Silver/Euro's secular bull market. Technical Analysis tells us that, the larger the move, the longer the following consolidation will be required to diges... Tue, 23 Sep 2025 05:20:44 +0000 https://goldbroker.com/news/silver-euro-historic-breakout-signals-epic-move-ahead-3600 The silver price has broken $40+ over the past few trading days - the first time in 14 years - so there is understandably quite a bit of relief and cautious optimism as long-time holders let out a deep breath. For those who are perhaps now just approaching break-even or a marginal gain on purchases made a decade+plus ago, there is undoubtedly a strong temptation to sell their holdings and lock in a bit of profit. I, on the other hand, think silver may just be getting started. This week's ratio charts of silver vs. the big banks makes a strong case as to why. The first is a combo chart with Silver/JPM on top and JPM on the bottom. On the top chart, note that the two triangles are exact clones. While price dropped out of the first triangle, requiring an around-the-apex move to launch a silver bull, the current triangle has seen price float deep into its apex and may even be breaking out now. While not marked, you can also see a pretty good double bottom wi... Mon, 08 Sep 2025 05:15:35 +0000 https://goldbroker.com/news/time-sell-bank-stocks-buy-silver-3596 It's been a while since we've looked at gold and silver measured in World Currency Units (WCU), but I like to go back to these charts from time to time. For the metals to be in bona fide bull markets, you want to see them outperform all major currencies instead of solely dollars or euros, for example, and these charts help you see through the noise you can sometimes get when pricing in a single major currency. Starting with Gold/WCU we can see it has put in a healthy series of consolidations followed by impulse moves higher over the past few years. The current multi-month bull pennant has been frustrating for traders, as gold has not put in a new dollar high since April, but you can see here in the broader context that this consolidation is evidence of conventional, healthy bull market action. If you look closely at the current pennant, you'll even see that price has started to break out – something not as obvious currently when looking at the gol... Tue, 02 Sep 2025 05:20:20 +0000 https://goldbroker.com/news/gold-silver-world-currency-units-suggests-next-leg-higher-3592 This week, we will revisit a blast from the past when we looked at three fun ratio charts back in June, 2023 to see if we could pick up any clues about the future direction of the gold price. I have updated those charts, as they have progressed as expected but not sit at important inflection points. The first chart I have updated is that of Gold vs. the Bureau of Labor Statistics' Producer Price Index of Lumber and Wood Products. Two years ago, we speculated that the current 14-year bull flag might breakout, and we can see that indeed it did. Those of you who swapped investments in lumber for Gold at that time would have likely been rewarded as the ratio increased from 7.5 to nearly 13.0! Now, we can also see how defining the chart as a large ascending channel may prove useful going forward as price currently sits at the top of the channel. Should price fall away from the upper rail, it could mean that it is now lumber's time to take over and outperform. Howev... Mon, 28 Jul 2025 12:00:32 +0000 https://goldbroker.com/news/gold-clues-unusual-places-revisited-3574 This week, we will look at the median price of a single family home sold in the United States vs Gold and Silver and see that, despite what your eyes might be telling you about home prices remaining stable to only slightly lower from their 2022 high, an historic collapse is currently unfolding when measured against real money. First, let's look at median home prices measured in U.S. Dollars. At first glance, the home market seems pretty healthy, down just 5% from 2022 and seemingly building out a consolidation that is very similar to the one we saw from 2018-2020 before prices took off. And if you believe your local real estate salesperson when they tell you "prices always go up," now might seem like a great time to take advantage of the recent dip in prices. However, let's take a look at home prices vs. gold and see what that is telling us. While the channel in which I have defined this chart remains speculative for now pending a lower rail... Wed, 16 Jul 2025 05:44:40 +0000 https://goldbroker.com/news/usa-housing-collapse-vs-gold-silver-picks-up-steam-3567 This week, we will look at a couple of gold ratio charts that suggest we may be entering into a mania phase in the yellow metal that could run for several years. The first is that of the gold price vs DXY. DXY itself is a ratio chart that compares the US Dollar to a basket of international currencies. When DXY is increasing, the US Dollar is gaining relative strength. For Gold to be in a bona fide bull market in US Dollar terms, we need to see it outperform DXY in addition to rising in nominal dollars. This is a fascinating chart that shows we have just exited a 15-year consolidation channel in impulsive fashion. Amazingly, this channel is a clone of the channel Gold/DXY carved out from the late-1980s until it blasted off in 2005. Back then, the breakout led to a 4X move in Gold over just six years. Given the recent breakout occurred in late 2024 around $2,500 Gold, a similar move would target $10,000 by the end of this decade! The second ratio chart is that of... Wed, 02 Jul 2025 09:09:58 +0000 https://goldbroker.com/news/has-gold-mania-arrived-3562 This week, I have a couple of compelling Silver charts to share that indicate it could be poised for an historic breakout and impulsive run to all time highs and beyond. This first is a quarterly bar chart that defines Silver as a 45-year cup & handle pattern. Some of you have likely been following this pattern for many years, as the handle first began to become apparent when Silver began bottoming a decade ago after collapsing from its 2011 high. What makes this chart worth pulling up now is that we can finally say that the pattern is either complete or very nearly so. The long-awaited breakout, if this pattern is the real deal, should commence over the remainder of this year. While the ultimate cup & handle measured move into the multiple-hundreds is indeed exciting for many veteran Silver investor, I want you also to note the orange resistance line in the cup and the orange resistance clone in the handle. In real time, the cup's orange re... Tue, 17 Jun 2025 05:23:08 +0000 https://goldbroker.com/news/great-silver-breakout-3556