GOLDSILVER trade ideas
Gold/Silver ratio detailTechnically we need to break through the support at 60 to go down to 25.
Things are getting interesting in the pork belly market - if anybody gets the reference? :)
Gold/Silver ratio critical pointas you can see in the Gold/Silver ration chat, there are and golden fibo support at 0.618 and also trend line and the effort of Rabin hood group in social media to moving up the silver price and passing from this critical point deems on next week we have a surprised news from silver
GOLD / SILVERHere is a "ridiculous" gold/silver ratio chart .. We know markets love extremes, so it is perfectly "normal" for a swing in one direction (gold/silver = 120) to swing in the other direction (gold/silver=25) .. so even though it is ridiculous for a rational mind to expect gold +$2400 and silver +$110 by May, that is what the chart says ..
I could try to rationalize it:
- money temporarily leaving crypto currencies (gold/bitcoin ratio chart suggests the same)
- money leaving stock market - optimism has reached ridiculous^2 levels (I expect flash crash into March/April)
- or horde hordes of retail investors after running out of small stocks to melt up will melt up silver for a change ..
only time will tell.
GOLD SILVER RATIO PROJECTION 52.2We have almost reached the 0.618 fibonacci level of 68.07.
I think we will retrace back to the 0.786 fibonacci level at 52.2.
My long term gold target is $2354. At a gold/silver ratio of 52.2, silver would be around $45.
LTC/BTC and Gold/Silver RatiosI just figured it out how Crypto market works! It refers to regular market for hints! Use Silver/Gold to LTC/BTC proportions to identify when hew LTC will reach new ATH! Rest low cap coins will simply follow LTC move. That's it!
Gold / Silver Ratio - Triangle Coming to a close ? vs DXYGold / Silver Ratio - Triangle Coming to a close ? vs DXY
buy silver ! xau can reach 2500 dollar and in this growth silver can reach 50 dollar !
it can be better investment :-)
