Loading ...GDX Gold Ratio
Article from pre-pandemic, ratio was at .0161 06-06-2019 , the prior low was .0146 – today we’re at .0151 – yes, I’m with Chartsmaster. GSR still high around 76-77. Last week’s unexpected break out of gold and esp. silver solidly over $30 was a wake up call.
as gold loses ground and silver fades…
Might wind up in the negative once again by end of day.
The insanity of participating in the PM markets…
Sir Silverboom,
There’s no insanity at all, IMHO.
If we have survived the gulag of pre-2016, the day, the week, the month, even the end of Q2 will not matter. All IMHO.
More eloquently put by this Tweeter:
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https://x.com/RockBtmEntries/status/1793719480973238452
Because I’m in from Rock Bottom – all I really care about regarding the price action is the 20d/50d ema in SILJ.
That’s the signal I am watching – either for a crossover/failure of those trends with signs of exhaustion.
Otherwise I sit and chill in my microcaps.
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GL