Gold to silver ratio Turning ????
I am not the only one stalking GSR/SGR for a turn in PM sector.
SGR is the key indicator to watch when to invest in PM sector.
Musicman read this. Before selling PM.
“So has the Silver Rocket just started? Last week I talked about the coming silver explosion and we could be seeing the beginning of it right now. I have often talked about the Gold-Silver Ratio as the key to the turn up in the precious metals.
GOLD-SILVER RATIO – A LEADING INDICATOR
With bearish divergence on momentum indicators at the critical 80-84 level, it was always a matter of time before the Gold-Silver ratio would break down. When the ratio turns down from an important level, it signifies a turn up in the metals with silver leading the way. As the long term chart below shows, the target for the ratio is 15-30. A return to the historical level of 15 would mean that silver will move up 6x as fast as gold.”
https://goldswitzerland.com/global-debt-is-a-pest-that-must-be-eradicated/
Bob Hoye a financial historian expert on post bubble contraction:
“GOLD/SILVER RATIO, Nov 25 2008
? the gold/silver ratio has been a reliable indicator of credit conditions. It declines during a boom and does its greatest service when it typically signals the credit contraction by increasing. The key move in 2008 occurred with the turn up in May 2007 from 46. This was with the reversal in the credit markets and the technical break out at 54 in August anticipated the fall disaster. Often during the more acute phase of a panic, silver can dramatically plunge relative to gold.”
Current chart:
Thanks, Bikoo!
Thanks for keeping us up to speed with this Bikoo.