Textbook ascending broadening wedge for the $gsr (#gold to #silver ratio) has a measured-move of 48.6, meaning 48 ounces of silver to buy one ounce of gold.
At TODAYS gold price, it implies $36/oz silver. But it will be more, because gold price will be more.
$gsr gold to silver ratio now has more consecutive green candles than the run up in March 2020.
Big downside is very probable from here. Even a small bit of downside breaks the long channel going back to Nov 2021. I think that would spark the launch of #silver.
Here is a chart I put together and have been keeping an eye on for some months now. I was able to predict the recent bottoming formation which has held up nicely. The chart is adjusted to reflect the current gold-silver ratio, putting them on equal ground, and similarly with the btc-eth ratio.
As you can see, the rise in precious metals versus cryptos has...
Would anyone really wanna be short, down here??... especially in that bullish Deep Crab's PRZ?!
Because if "not" then better be short the PMs, especially silver - for now!
...with further implications for the USD.
Crazy prediction for GoldSilver ratio. It is heading down to CoronaTown, all the way to 60 which is the all time modern times average, it will overshoot to the 45 area before bouncing back to the average.
Gold/Silver spread is still strong with a Gold/Silver ratio around 83, indicating strong bias to gold. With incoming panic in the markets, debasement of the dollar, or both, we can expect the bullish move in gold and silver to continue in the long-term despite all attempts at suppression within the futures exchange. Silver has some serious catching up to do post...
Multiplying SPX by the gold/silver ratio produces, what appears to be, clear cut levels. In the past, when the measure has bounced off a level, the SPX (below) has reversed.
Gold / Silver ratio went from 100 to 30 in twenty years, a length of 70.
Then, retraced back 80% up to 87 in 7.5 years.
If next leg down to become as length as first leg (of length 70,) we'll reach Gold/Silver ratio 17.
It is always worth a look at the gold-silver ratio. Currently, gold is 76 times more expensive than silver (per ounce). In the past, it has been shown that the area above 78 is an extreme area and can be used for trades. In this case, you would sell gold and buy silver.
I keep putting these charts to peak people's curiosity. There are many clues out there that point where we might be heading...
All you have to do is look back in time...
This is more than just about gold and silver. It is about the players in the market and how they feel.
