Loading ...Breakout Leads to Highest Gold to Silver Ratio Ever
Sir Bikoo and others have been talking a bit about the GSR and how we’re in uncharted waters. Look below. It’s had a MAJOR breakout up.
What does this mean to you? To me it just validates my thoughts that pretty much all commodities are toast, including the precious metals, as the dollar is about to begin its insanely quick ascent….
Take a look at the ratio in the early 1990’s.
Yes Neil…and it dropped from there for 10 years before a Gold Bull began
sheesh
Thanks Sir Chuck. Nice chart. Yes indeed GSR is at higher level than before.
In past it has spiked and headed down. BUT this time some thing different. GSR has stayed much longer in the range of 84 to 88.
That is the reason form PM sector to be hated so much.
Just like Chism chart indicated GSR may go as high as 110 115 that is 100 year high.
In last 100 years GSR has been three times at 100. Last time it was in 1991 and 2008 it came close to 95 briefly.
It’s not the highest GSR ever (yet).
Take a look at Gold in Indian Rupees, Russian Rubles, Canadian Dollars, Aussie Dollars, British Pounds – I don’t think all of that would be happening in a gold bear market. The mining shares will catch on to this at some point. The US Dollar, in my view, will not climb to 100 and beyond, and the tide already turned when gold hit its $1050 low back in 2016. This bearish sentiment is the precise contrarian indicator you have to have in order to take off higher. As I’ve said $1220 or $1360 needs to be broken for anything to change. Everything else is just noise.
My take is Gold dicks around 1300 for a decade….then what ?
I admire your charts but I think you and a few other cycle guys are constantly “tuning “ your charts , wedged and FBOs to fit your biased view . Your cycles indicated a bit time a while ago and it seems nothing has happened . No offence but the charts I see are not painting a rosey pic