PeppermintPatty
Thanks for your chart w/ potential price objective for silver… Gold’s breakout to breakout price objective is $985 USD. Silver’s PO varies quite a bit, depending if one uses the BO to BO method, or the Impulse to Impulse method. I’m taking a wild stab and guesstimating the gold/silver ratio at the bottom will be in the 80 – 85:1 range. That gives a PO for silver of:
(985 divided by 84.38 = $11.67) or (985 divided by 80 = 12.31) Hmmm… 12.31 (ish) seems to jive with your silver price trend line…
Well since we are playing guessing game im going with,
78/80 gold/silver ratio bottom. With gold at 1180 and silver 15ish..
1180/15=78 possible bottom?
By the way fantastic chart! Keep them coming.