Gold/Silver
In this weekly chart, 67 to 81 have been an impt range for multi-year consolidations (see the 2014 4-year consolidation box & the recent 2020 & on-going Inv H&S. Pattern). When price is rejected by 81, silver rallies more. When price bounces from 67, gold rallies more. Starting 2021, the ratio has formed an upchannel from the bottom of the head. This channel has...
This is tagged as short due to the bearish patterns on the chart but it is kinda confusing because I am writing this to long silver A zoom out has help me get a more detailed look at the goldsilver ratio. What appeared to be random chop and a blow off top now appears to be a left shoulder and head. The C19 dump created a new all time high for the goldsilver...
I was chatting to a techie friend of mine (Thomas Anthonj) last week and he told me to have a look at the gold/silver ratio as he suspected that it has completed the 5th wave of an Elliott wave count, so this morning I took a closer look and yes, I think he is right. In addition, the market has remained capped on the topside by its 200-week ma at 82.10 and we...
When the gold/silver ratio breaks down, the evidence is clear. A rally in both metals will occur soon after. Silver benefits much more from this ratio breaking down than gold, however both metals will rally.
Put Simply, The Gold To Silver Price Ratio Represents How Many Oz. Of Silver Required, To Buy A Single Oz. Of Gold ⚖️ Intuition With Observation ♋ Suggests Gold Is Set To Once Again Outperform 🏁 Second Place Silver. Detailed Variants of Idea Chart Below 🖼️🎨 TVC:GOLDSILVER TVC:GOLD TVC:SILVER
Larger timescales always dominate shorter ones. SO looking at only the D, it looks like there's a dump, then IH&S adn so a bearish turn/ But zoom out, and be reassured! It'sa giant h&s and we're just in a knuckle on the way down. Thatsaid - be mindfful of strong resistance/bounce after the next run.
The Gold/ Silver ratio seems to be trading inside a Channel Up since the 2008/2009 subprime mortgage crisis. The recent COVID crisis and sell-off in March 2020 served as an excellent catalyst for the pair to make a Higher High within the Channel. In February it appears that the new Higher Low was priced and looking at the CCI, we have a similar bottom sequence as...
All the PMs but especially Silver is a Major SHORT here, with a Low-risk Entry! A Bullish G/S and a likely USD reversal here - even if potentially limited in scope - should underpin a substantial decline in all the metals, from these levels. Charts like this are no help, either! (Stock market forced liquidations have a tendency to spare nothing and no one,...
... Especially silver!! The Monthly;
It's headed under $20. The Weekly;
We might be looking at a backtest of the breakdown here, which would imply that the Gold/Silver Ratio is going to head lower if the previous support turned resistance holds.
IF you trade SILVER you Should be familiar with The GOLD/SILVER RATIO, which typically moves INVERSELY to the PRICE of SILVER, The GOLD/SILVER RATIO looks to be completing A WAVE-B correction, with WAVE-C starting soon in both GOLD/SILVER RATIO & SILVER, (albeit moving in INVERSE/opposite directions). SILVER = SHORT. GOLD/SILVER RATIO = LONG.
Dump it hard! Here is the Gold / Silver Weekly
At first sight this may be is somewhat counter intuitive at first (amid the anticipated equities decline + the massive short on the Dow/Gold Ratio) but really it is not; 1) Charts (price action) don't lie; 2) The true (reliable) Safe Haven is still the Yen - JPY; (Likely more than before?) 3) Forced liquidation in the equities (and similar events) will put...
CHAPTER-1 played nicely ^^ silver prices outperforming gold and other metals. but this bullish trend may not be sustainable before another bottom test.
But Silver rally seems like a perfect opportunity to sell to finance a nice purchase in what everyone really wants to store wealth GOLD!