Gold/ Silver Ratio - Flashing BUY Silver - 88.48 to 1
The current Gold/ Silver ratio is settled at around 88.5 (at press time) this represents a historical outlier and a fantastic opportunity to leverage the movement of silver to great effect.
As you can see the ratio is in a rising wedge, with it set to resolve in the not too distant future, these patterns tend to run quite long before resolving, usually into the climax of the pattern near the point of convergence.
A historic mean of the ratio is around 45 to 1, that would mean a purchase of silver today would equate to purchasing 2x the amount of gold, side note, never measure precious metals (PM) in fiat, always measure in ounces.
This pattern could continue until the point of convergence, this would suggest a ratio closer to 100 to 1, however, it is best to enter a PM position in tranches, as it limits the reliance on market timing.
Nevertheless, this ratio currents represents a tremendous buying opportunity, one that you would be smart to take full advantage of.
As you can see the ratio is in a rising wedge, with it set to resolve in the not too distant future, these patterns tend to run quite long before resolving, usually into the climax of the pattern near the point of convergence.
A historic mean of the ratio is around 45 to 1, that would mean a purchase of silver today would equate to purchasing 2x the amount of gold, side note, never measure precious metals (PM) in fiat, always measure in ounces.
This pattern could continue until the point of convergence, this would suggest a ratio closer to 100 to 1, however, it is best to enter a PM position in tranches, as it limits the reliance on market timing.
Nevertheless, this ratio currents represents a tremendous buying opportunity, one that you would be smart to take full advantage of.
Trade active:
Silver has had quite a lovely move recently, at press time sitting at around 19.5 USD/ ounce, i believe that this move up still has some legs near-term, but profit taking is likely to occur soon.
On the macro side of things, a gold silver ratio of around 70: 1 looks very likely.
On the macro side of things, a gold silver ratio of around 70: 1 looks very likely.
