This Ratio is Important[o]
I normally wouldn’t post this the very day I received it but it seems that March is extremely important to Gold. Rambus is looking to see if we get a Quarterly Close above $1330 on Friday, March 29th to signal a breakout above the “Golden Neckline” he’s been showing over the past year.
My friend completed this study that’s very germain to a potential Bull Market in Gold beginning soon – if we can draw that conclusion from Rambus’ work as well as the implications of this piece by my friend.
https://goldtadise.com/wp-content/uploads/2019/03/TechFocus-Weekly-Gold-Silver-Ratio-03-26-19.pdf
Rambus on February 20, 2019:
“To really get the PM complex in gear to the upside I would like to see the Gold:Silver ratio start falling below 80. In the past whenever the ratio got above 80 it was a good time to go long the PM Stocks (red dashed vertical lines).”
Thanks boohooman!
GSR above 80 is ‘time limited’. PM bulls follow high GSR’s. That’s one big reason why I’m convinced we’re at the start of a bull run, not about to enter a long bear market and end up at below $1000 Gold as some seem to believe. The evidence just doesn’t support the bear case.
Very much appreciated. Determined be smarter and wiser riding the bull this time around and this stuff helps!
thanks.usefull analysis