Silver & Gold – What’s next?
…Is for silver to finally begin consistently outperforming gold.
The following weekly SLV:GLD Ratio chart was constructed using the Andrew’s Pitchfork, and Fibonacci cycle lines, placed at the 2008 (green vertical lines) and 2016 bottoms (purple vertical lines).
Note the perfect symmetry (gold line) pointing to where a mean-reversion (blue mid-line) and both fib cycles converge, in approximately July, 2020. The beauty of mathematics…
Nice chart. If silver gold ratio goes back to 35/40 level by mid 2020, holding slv or physical silver could be an alternative as safer vehicle to play any silver rally.
I’m a future’s trader, and holder of physical. The way I see it, if I’m going to deploy and risk my hard earned capital, and I am ultimately right – why not be “life-changing” right? 🙂
Thanks RTV. This is a cool chart
The beauty of mathematics indeed. Great chart.
Thanks RTV…I really like it…very intriguing!