The juniors to majors (JMR) and gold to silver (GSR) ratios, important components of precious metals (gold and silver) timing, are tracked in the matrix. Precious metals traders, especially the bulls, should have recognized the JMR's bearish crossover on 4/14 as a risk-off trend.
Another aspect of precious metals timing is the gold and silver ratio (GRS). The GSR bullish message is tempered by the JMR's bearish one. Alignment of price, leverage, sentiment, and intermarket trends is the key to defining risk-on or risk-off. Powers trends often show total alignment.