Gold/Silver Ratio Is Showing The Way
…and it has been for some time now.
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POSTING INFORMATION
yes! Sorry for cheerleading comments and replies… those are my specialty!
NS.. can silver overshoot to 27… NOW? What is GSR gonna be if Silver 27$.. Some simulations… at 88 (gold 2370) and 81 (gold 2187)…
Yeah… gettin greedy… damm it!!!
Hi Patrick. Exciting times. It’s a bit like trying to hit a moving target, but GSR could stop (temporarily at least when it hits the lower support line in the 87 region. If gold is somewhere between $1900 & $2000, that would put silver between $21.84 & approximately $23. If gold overshoots, In think it’s likely to be in conjunction with GSR breaking that lower support. That brings major horizonal support around 68 into play. $2100 gold, with a GSR of 68 implies Silver approaching $31. I think we just have to watch for gold nearing 20% above it’s supporting moving average in conjunction with GDX completing it’s reverse symmetry move to around $54. The warning lights will be flashing red for me at that stage. Thoughts ?
Yes. GSR always seems to do something I don’t expect.. like pre March Madness when I was dreaming about crazy targets in record amounts of time… You are right.. lets just look where they stall vs their distance from moving averages to weight the scales. For now… cool to enjoy the sit tight part.
Well said. Stay alert and let it unfold…for now.