I’ve been doing some analysis based on the Gold/Silver ratio past breakdowns and corresponding performance of Gold/Silver/Miners. The move down in the GSR from May 2003 (which I think is most comparable to now), resulted in Gold rising 20%, Silver surging 75% and the miners gaining 80%. From the GSR top in July, that would project gold to $1560, Silver to just over $25 and the HUI to just below 400. We’re already close to $1560 gold, and I’m aware that the ‘reverse symmetry’ move would take us to $1800 quickly. If that were to happen, I’d expect a large and rapid pullback. In summary, if the GSR confirms a breakdown in the 82 area, we can expect silver and the miners to fly.

The December 2008 to November 2010 period (GSR peak to the ‘green zone’) saw much bigger gains in Gold/Silver/Miners, but that was the parabolic rise to the 2016 top. I expect that kind of price action from the 2024 low, to the high in the late 2020’s/early 2030’s.