Loading ...Gold Silver Ratio
I am very excited about Gold’s performance but I have a concern.
Gold Silver ratio is 80:1
The increase today is AG 29.50 to AU 0.25
That translates to a ratio is 118:1
Silver is not proportionately confirming Golds breakout.
So I am waiting to see tomorrows action to see what happens.
Also some analysts (David Brady and Michael Oliver) have suggested silver needs to have a weekly close on a Friday of above $24.50 to confirm PM’s break out.
I am not expressing a prediction up or down. Just wondering if anyone has any thoughts to share?
Cheers
big boys buying the yellow for safety, central banks and gang don’t buy copper/ silver. Regular folks buy poor mans’ gold later to follow. I’m more than happy to see gold take the lead. All we can do is have your own plan and follow the charts, whatever I buy will not rock the planet. Bitcoin down 7% today so maybe that crowd wants some real stuff. Trudeau can come take it, his tentacles reach long with Papa Klaus. Biden has been taunting Putin and how much longer can P man watch Russian civilians get shot before his own peeps cry for action. Biden actually waved his finger at China and taunting them now so expect anything with the clowns.
Biden shitshow does not stop. Now this: lol
Failed predictions that Russia would invade Ukraine on February 16 were unrealistic, and the key date to focus on is actually February 20, American political analysts have claimed, blaming “hype” for having caused US officials to focus on the wrong date.
Thank you for sharing your thoughts. If you are on track soon silver will slingshot upwards.
Then is gets interesting!!
Cheers
Klaus desperate to invade, now the old chemical attack gig. USA kill their own again just to get the show going. :
Russia is preparing to launch an invasion of Ukraine in the “coming days” and is planning a real or false flag attack, maybe even using chemical weapons, US Secretary of State Antony Blinken claimed at the UN Security Council on Thursday.
I have covered this over the years but few ever seem to internalize the most important message of the GSR. Call it the metallic credit spread. It acts similar to the credit yield spread in predicting recessions. Rising GSRs predict a credit contraction. That is what the GSR is pointing towards. It has spent the past year building a base and is now in the early stages of a break out. This means a financial crisis ala credit crunch is headed our way. It has already begun in China and will arrive on the doorstep of London or NY this year. That’s the main message of this rising GSR.
It is NOT bullish for the gold stocks least of all the silver stocks. It is why I believe this gold rally is just a temporary rally.
https://stockcharts.com/h-sc/ui?s=%24GOLD%3A%24SILVER&p=W&yr=2&mn=0&dy=0&id=p64589630923&a=990011247&listNum=300
With you on that overarching thesis.
I think this PM rally has a bit more to go, measured in days up to a week or two, but I’m looking for a fairly vicious reversal soon.
If the reversal isn’t violent, then I’ll reconsider my outlook on a fib pullback.
One of the tickers I need to watch more carefully is PGF (nyse), one that seems to telegraph trouble in the credit markets better than junk. Can you spell MayDay?
Something I have noticed is that silver seems to show its strength later than gold does. Many times gold leads the way and silver plays catch up.