Loading ...GSR Breakout
Not what anybody wanted but it is what it is until it isn’t.
If things go as I suspect we will get a short lived metals rally soon, watching 14th and 17th. Maybe the GSR will BT this line around 80 before the advance continues.
Added 100 year chart for Bikoo. Bikoo I haven’t updated my Gold and Silver excel files since March so data is 6 months out of date. Added monthly line and a heikin as peaks are obviously diff.
Great chart.
Do you have GSR chart from 1915 to today?
Thanks.
I am fan of GSR for PM sector investing.
Thanks. Your last chart would suggest 3 more years of pain. Silver would be languishing at around $10 if gold is at $1050. HUI perhaps 40% lower at about 80. Total annihilation in other words.
The latest of my timing dominoes comes in with a good sized one at the 2020 election… The main times im interested in right now are as follows
Daily-Oct 2nd
Week-Oct 22nd
November 26th
Monthly-Feb2019
June 2020
Oct/Nov 2020
I see the potential for Gold to possibly bottom in the next 2-4 months. I need to see what we look like on Oct 2nd/3rd first tho.
Thanks for posting these charts.
It is clear from this indicator that on longer time frame PM sector miner and BGMI to Gold ratio topped in 1968 when GSR was at 15 Ever since PM sector has been in bear trend.
Briefly in 1980 GSR made double bottom and tested that low.
From this it appears this sector has some ways to go before one can buy and hold.
Also remember that before 1971 price of gold was fixed at a price under gold standard.
yes indeed, yw