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Something to watch
The Gold Silver Ratio got way out of whack when Covid “Arrived”
But then it Crashed !
Now sitting on the 200 Month MA and at support.
Interesting the 200 Month MA is always about the same.
Presently it’s around historical average… 67 oz of silver to 1 oz of Gold.Will it break down ?
The Ratio is used by some as an Inflation / Deflation signal
Lower it goes…the more Inflation expected
Yes, Sir Fully.
Lately I have observed that “they” are letting gold rise.
But when silver rises strongly, and gold also rises, they smack down gold harder, but silver shows resilience, like it is today.
As Sir Chartsmaster pointed out yesterday, one has to give a tip of the hat to the banksters, for this “controlled blaze” operation.
https://goldtadise.com/?p=498847
You, Sir Fully, also posted about this PM divergence earlier today. It is “interesting” “curious” “managed” “manipulated” “God-knows-what” … but all of us can sense that these are not normal market movements in the PM market.
At the same time, I’m also noticing and discussing on other social media, about how in the broader stock markets, S&P is hitting new highs, Nasdaq is being prevent from having lower weekly closes, but not even one friend/acquaintance/social-media-buddy is seeing that kind of “performance” in their portfolio.
MM = managed markets.
Keep scalping, keep accumulating the good juniors.
Timing this explosive rise is next to impossible.
I personally think some blunder by either the Fed or Joe the great POTUS will be the “reason” that one day the explosive upmove will start. May be Joe and Jerry are waiting for their friends, the big guys, to build up “right-sized” portions/positions.
Let’s see.
GL
You have an excellent spidey sense Sir GL
Thanks Sir Fully.
I’d written a long reply, but by the time I posted it, I got logged out of goldtadise … well well well … will write it another time.
GL
Yup watching the g/s is one of my favorite TV programs…titled ” In search of extremes” Here is one of the better episodes
https://stockcharts.com/h-sc/ui?s=$GOLD:$silver&p=M&yr=25&mn=10&dy=0&id=p25407615324&a=154586903&r=1584480863390&cmd=print
Looks like it may potentially form a right shoulder of a h&s. I’m therefore guessing weakness ahead for silver in the next 2-3 months relative gold.