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A fresh look at the ratio charts shows that the mega-rally on Friday didn’t change a thing. All charts still point to a single grand, noble truth: precious metals are going to kick equity’s butt for years to come. Not all of these charts I’ve selected pertain to that, but let’s take a look.

The ratio of the Dow Composite to silver is still positioned for a hard and sustained fall.
 

Ethereum has been running circles around Bitcoin for the past few months, but I think that party is just about over.
 

The Dow Industrials is likewise positioned to fall hard versus something closer to real money; in this case, silver.
 

The small-caps, even with their 4% rally on Friday, still look poised for a similarly hard fall.
 

Breadth in equities is still falling. The equal-weighted S&P has been shrinking for years at this point, with the likes of Nvidia (NVDA) and Apple (AAPL) doing all of the heavy lifting.
 

Cathie D. Wood is still holding her own, as the ARKK fund thrives versus the QQQ.
 

Metals, as strong as they are, are likely to exhibit more strength on the precious side than the base side. The oft-shared chart of the XME/GDX indicates that XME is going to be weak relative to the precious-only realm of GDX.
 

Long-term, gold is positioned beautifully versus equities, with the yellow metal likely to commence another meaningful lift-off very soon.
 

The same holds true for silver.
 

Lastly, silver, a laggard compared with gold, has a fantastic bullish base when put face-to-face against the US dollar index. I’d say that, nice as the gains have been in precious metals, we’re really just getting started.
 

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