Loading ...Silver to Gold Ratio Longterm View
This monthly chart captures the ratio from 1981 top todate since it made new high at 0.070.
During golds bear trend in 80’s SGR made few excursions BMR. Some investors may have profited from juniors.
Currently SGR is working on a massive base within the trading range 0.03- 0.012.
SGR bottom in 1991, and since then it is in uptrend. Once SGR breakout from this down turn next target may be the new high above 2011.
SGR is the key to bull market in miners not gold price. Just remember miners have been in great demand even during gold standard when gold price was fixed at a price. Speculation in Silver against gold sparked bull market in miners in the past years.
What will make SGR to turn depends on yield curve.
Outstanding Chart Bikoo. It’s coming. Only question is how soon. Two weeks, two months or two years. Will the RSI need to touch 30 again, or is she ready to go. Hopefully she is ready and will keep on moving up past 50. Just patience and time is what we need. Thanks for sharing!
Yes time when watching paint dry. You got it right. On monthly RSI need to be in the range of 50 to and >70 for years to be in bull trend.
Thanks Bikoo. As Saab said, it’s coming, but many are losing patience/lost patience. That’s a really good sign, and the next phase can’t happen without that negative sentiment.