Loading ...AN IN DEPTH LOOK AT SILVER
FROM THE WIZARD
Stunning Charts here !
If you’re serious about riding this nascent Silver Bull…I cannot recommend a Rambus Subscription enough…NOBODY does SILVER TA like Rambus
https://rambus1.com/2024/06/16/weekend-report-in-depth-look-at-silver/
Thanks for making this public FGC.
Further (non-TA) reasons to be bullish on silver (core tenet – silver value is a derivative of gold)
Date AG hit $30 in a bull mkt.
1979 12/30 GSR 16.38 (fair ratio out of the ground)
2011 02/08 GSR 45.09 (elevated but stick-saved from plummeting to natural 16-17 ratio via flooding world markets with fiat (numbers/liquidity/change in accounting rules for institutional debt).
2024 05/17 GSR 81.17 (very high – held in range for a decade or so with momentus low 65 & high 125 – if GSR stays at 80 or above, demand/support for AG will remain strong.
For these ratio environments to be ignored, one would have to believe 1) Silver is in fact not rare or getting rarer 2) Silver is not tied to gold as a store of value (for millenia) 3) there is more above ground silver relative to gold than there was 50 years ago ie the ratio is still 16:1) 4) demand suppression via futures/derivative pricing can go on indefinitely 5) nations are not currently re-patriating gold reserves – see #2 6) world events such as war, civil unrest and pandemics are not SCHEDULED to appear in the near future.
Personally I like to see dis-interest in silver at this level. What I DO NOT want to see is a silver launch (plummet in GSR) from $30 or even from $50 but rather from $80-$100. The POR is not around the corner, it’s probably going to be in 2026 – of course this is just a guess based on the NWO calendar getting through their agenda by 2030.