Loading ...Gold silver ratio
The gold silver ratio follows a typical EW structure. Wave 3 is 1.618 x wave 1. Wave 4 retraces 38.2%. A likely target for wave 5 would be 84.35. When the trendline drawn through the closes of wave 2 to 4 is broken then the pm rally should be confirmed
I wish to see a long term EW count of GSR.
Tha will be helpful.
Historically GSR has been bound by two extreme: 100 and 15.
Breifly 15 was reached in 1980 and 100 has been reached few times since 1920’s.
GSR again is threatening to test 100.
AND fear for long PM investor is that there a massive inverted HnS formed by GSR where neck line is 100. If it breaks 100 God help Gold and silver bulls like me.
thanks a lot guys.