Silver has been very unloved of late, but if the DOW/ Silver ratio is any guide, then we very well may see a period of out performance quite soon. Provided we see some key levels taken out. Metric #1: Trendline Analyis Monthly: Basic Trendline Analysis First off let's use some basic trendline analysis, right from the outset we can see the initial move...
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The Gold Silver Ratio is either about to create a second bottom in Silver or will allow Silver to finally join the Gold rally in a bullish move for the precious metals. This technical pattern does not indicate one way or the other what is the most likely outcome, however in a deflationary environment I would expect silver to head lower and therfore the Gold Silver...
Kirkland Lake is down 40% from gold's September high of 1550 yet Gold is pushing $1700. Its down 18% from the market meltdown. I suspect this means that if gold gets sold in the coming crash that the dip in gold and gold mining stocks will be limited not extended. It won't be like 2008. A 60% correction from September's high puts Kirkland at $20/share. I will be...
silver price is at historical lows against gold. if equity & commodity markets begin the recovery phase then silver price can rebalanced in mid term trades.
The gold silver ratio (GSR) has set a new 100 year record, with the value of 1 ounce of gold exceeding over 115 ounces of silver. I would suspect that the drop in silver is largely due to the global slowdown that we are currently facing from the Coronavirus, as silver is predominantly an industrial metal, given that this slowdown is far from over then the logical...
Thanks for viewing, I labelled this as "long" despite some as yet unexplained steep price reductions in the short to medium term. I did that because I saw that price drops were coming but that was just a signal to add to purchases, as opposed to sell. Why do I expect price drops in the short to medium term? 1. Elliot Wave seems to indicate the ending of wave (3)...
This is the Gold Miners Index to DXY ratio. This feels likes 2001 or 2009. Gold is correlating with Fed Funds, the monetary base, and the DXY like its 2009 and 2001. Gold stocks are priced like its 2009. Since 2019 we have seen the Fed Funds Rate free fall, since September 2019 we have seen the monetary base expand past the low set in December 2016, same with...
We may have just seen a key breakdown in the Dow/ Gold Ratio. This would signal that the period of sustained out performance of stocks over gold, and indeed precious metals as a whole may be nearing an end. As you can see on the left hand chart, a monthly cross of the 10 and the 50 moving averages was a strong tell that the trend had reversed, interestingly,...
Wow! The last time there was as large a disconnect between gold and silver was never, the closest we have come is briefly in 1991-2, and again in 1941. The gold silver ratio has now seemingly surpassed those previous peaks. Over the previous few years, silver has loosely tracked the rise and fall of gold - while consistently under-performing. However, last week...
The S&P to Gold Ratio has effectively traded sideways for the last few years. The ratio has now broken out to the downside. I would say that a 30-80% correction in the stock markets remains a threat despite Fed rescue efforts. I believe over the next several years that gold will outperform the s&p500. Contrary to popular belief, US stocks have not greatly...
I recently posted a chart of silver showing the bearish case, I also shared a bullish case for the dollar. In order to confirm the theory of those two I share the gold silver ratio. It is obviously in a bull trend. it has been stair stepping up major fib resistance from the low in 2011 and a smaller sequence from 2016. firmly above the 61.8 on both and well...
With silver likely to surpass its 2016 peak of $21 this year in 2020, some of the overlooked silver junior miners may catch a bid here. In order to get back to just its 2016 peak, Impact Silver would need to increase 197%. I think at minimum we will get a 100% move in Impact Silver in 2020, with a less likely upward potential of 275%. This a miner you want to...
Silver had a nice surge earlier in the year as Gold surged to $1550. Overall, Silver has underperformed gold this year and remains undervalued relative to gold. As the metals finish and round out of this consolidation (retest of the breakout) look for gold to move towards $1711 and $1834. Silver and Platinum will both follow gold's move and will outperform. We...
As any avid precious metals investor would know, the Gold/ Silver Ratio is currently flashing a strong "Buy Silver" signal, with a ratio at press time of over 87:1, this is telling savvy investors that silver is undervalued relative to gold, or that gold is overvalued relative to silver. I believe that we could quite easily resolve the rising wedge pattern and...
#Gold / #Silver Ratio: It's been tap dancing around the 87 level for 2 years. This look like it's going lower to me - 81 next target. $GLD $SLV $SIL $GC What do you guys think?
Gold broke out of a 6-year base this year, leading the other metals and commodities. 6-year base breakouts don't just end in 1-month surges. We have higher gold targets following this correction. $1711 and $1834 gold targets in the next 3-5 months. To us, this correction is an accumulation opportunity. When silver rallies to $25, silver miners will have a ton of...