After an initial upside breakout of the gold silver ratio, it seems like an around the apex move is imminent, which will result in a sharp drawdown.
Haven't done a silver monthly chart in a while here. Price has good support.
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.
do wnchannel wit a MEGAPHONE in it makes teh most sense to me. Leave y'all hanging over the weekend!
Next target is $40, that's coming out of the IH*S internally. IS a conventional bullflag. Have a core downchannel, now building on that support to the top-right corner to BO. DOn't expect whips below core channel - UNLIKE 1y silver consolidation, 1y sideways continuation pattern, no structure HENCE needed to hit the bottom-right corner to generate the power for...
Silver is special. Nothing has the physical properties that Silver does. The Silver market is also different than everything else. It's too small to fit a crowd. Hello, crowd.
The Gold/Silver ratio (GSR) tracks the relative performance of Gold over Silver, i.e. a breakdown of the chart indicates a stronger Silver performance relative to Gold. In this chart I present a decision time for the GSR, where in the lower pane, in the past we can see a cross-over of the dollar strength (DXY) relative to sugar futures (SB1!) has been an...
#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?
That's a long way down.... :) Sitting on the edge of the cliff. Comparing price action in gold and silver today. Silver looks ready to take the lead. Metals setting up for a big rally. Looking back gold rose over $400 in two months 2011. Banks are used to dumping paper gold shorts hitting sell stops, driving the price down. Lately it looks like those sell...
It is interesting to me that the price dipped at all. It looks like many traders are confused about the meaning of what an MOU is. Donald Trump recently was confused about it when the term was being used for the document spelling out the trade agreement with China. www.stockme.info Regardless of that, it looks like the wider ABC corrective wave is now complete...
ratio giving a timeless signal...one many of us have been waiting on for years
You know that old crypto saying: "Litecoin is Silver to Bitcoin's Gold". Well now 'Gold is Silver to Bitcoin's Sound Money Supremacy'. Well in price ratio terms it is. I know I'm not comparing apples with apples, & for the purpose of not embarrassing Gold's post crypto performance any further, it's probably best I don't. But in terms of available supply, there are...
Gold Silver Ratio is showing that Silver is a better bet than Gold at the moment. Looks very likely the smaller channel will break downwards unable to break above the larger channel and ratio could end up near bottom of this range in mid 20's This may be a clue that bull trend in precious metals is about to resume.
Both gold and silver are way oversold at the moment compared to US$ and likely to go up (depspite what mainstream will lead you to believe). So I'm not saying gold will be a bad investment.. However this chart just looks at relative merit of gold verus silver. As the line moves up that shows gold getting more expensive compared to silver. We can see that we...