I would say more likely the 50 day around $2025. After hitting $2150($200 rally from it’s previous low) it fell $150 to $2000. Rallied back $100 to $2100. So somewhere around a drop of $75 to $2025 would fit the pattern of the swings gradually declinning in magnitude and the mvg. avg. offering support. Gold while the one to watch for future directional lead isn’t the concern. Silver isn’t likely to breakout until gold reaches and closes over $2100.
The gold to silver ratio is once again approaching 90. Last time it did I suggested swapping into silver and it worked out well soon after. On rare occassion the ratio will reach or even exceed 100 but it doesn’t stay there for long. Anyone heavy in gold relative to silver might decide on how much gold they want to swap and do 1/3 of that amount around 90 another third if the ratio gets to 100 and the last third if it ever exceeds 100.
What is $$$ amount for 50 & 200 DMA?
I would say more likely the 50 day around $2025. After hitting $2150($200 rally from it’s previous low) it fell $150 to $2000. Rallied back $100 to $2100. So somewhere around a drop of $75 to $2025 would fit the pattern of the swings gradually declinning in magnitude and the mvg. avg. offering support. Gold while the one to watch for future directional lead isn’t the concern. Silver isn’t likely to breakout until gold reaches and closes over $2100.
IMO, you are all asking the wrong question.
whats the right question Pedro..?
The gold to silver ratio is once again approaching 90. Last time it did I suggested swapping into silver and it worked out well soon after. On rare occassion the ratio will reach or even exceed 100 but it doesn’t stay there for long. Anyone heavy in gold relative to silver might decide on how much gold they want to swap and do 1/3 of that amount around 90 another third if the ratio gets to 100 and the last third if it ever exceeds 100.