Loading ...GSR
Just to concur with Schism, we need to break the TL shown before any substantial move can begin. There is no divergence and momentum is building so the next target becomes 89.77. A strong backtest here may set up the divergence at the next high otherwise we could blow off to 98.
Thanks Ranchida, I was curious about a wavers take. I have played with this extension https://www.tradingview.com/x/wbfIWaus/ but not sure if its legal. I thought 93.5 and 104 areas looked interesting. I am in EW kindergarten and still need to learn the if and buts. I just see how shit fits and go from there with my current knowledge base.
In last 100 years GSR has touched 100 three times. Currently it is at 85 the same level as in 2008 during liquidity problem.
It may spike to 96 to test high and revert back to its norm below 60.
https://goldtadise.com/?p=427509
“In what might be considered a modern model of gold to silver trading (1970 to the present) the ratio has moved from less than 20 to more than 100 – a reasonable middle ground during that time being between 50 and 60. And there are a number of sources which place the 20th Century average ratio at 47 to 1.
https://www.golddealer.com/gold-to-silver-ratio/
The ratio is certainly high, but can go higher, as you point out. Thanks.