After a parabolic rise in march 2020 (touching 125) the Gold to Silver ratio was brutally
rejected and closed below the multi year bearish rising wedge (yellow colour). In the past
three years the GSR has been backtesting the bearish rising once (September 2020) and twice
(September 2022) from below. The last year the ratio has been drawing a simmetric triangle
(red coulour), with three lower highs and three higher lows, drawing a complex Head & Shoulders
pattern. On October 2nd, where Gold made an important cycle low at 1812$, the Gold to Silver
ratio printed a shooting star candle on the weekly (white circle). As a consequence I expect
the ratio to break down from the symmetric triangle with a target at around 60. This should
be bullish for PM. Any thoughts ?
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Hi Dangermouse. Long time no see. Good to see you and your chart
I have a thought. I much prefer the Silver Gold Ratio Chart
Because when it breaks out UP its bullish for PMs .
Not everyone here is tuned into that ratio.
I’ll explain. When Silver is rising against Gold that is GOOD for BOTH
Just a preference
Here is the 30 year chart
https://schrts.co/kfvDiNPP
Probably one of the most boring and useless charts on the planet…nothing is happening really
PS…Bitcoin seems to be picking up though
Fully ! It’s all the same ! If the GS ratio breaks down it’s bullish for gold and even more more silver !! Two sides of the same coin !!