Three points to consider:
1. Gold by itself on daily chart seems poised for either consolidation or rise. Case for rise is stronger given that it withstood significant market corrections
2. Gold/Silver ratio seems to be set for a fall
3. Silver is set to rise looking at stochastic RSI and recent consolidation withstanding market corrections
TVC:SILVER TVC:GOLD GOLD/
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.
-Silver is recognized by inverters as a risk-free asset and also has industrial use.
-I think silver will becoming more valuable faster than other precious metals.
-Gold is going to rise but Silver will outperform Gold.
A push directly up to 100% Fib and reacting there for a down move actually more bearish favouring C=A corrective move ...Lot of confusion about silver/gold ratio a cycle peak in this obviously bearish the metals in general but we are not there yet
The silver to gold ratio is telling a story worth listening to. It seems to be telling us that silver is still incredibly cheap compared to gold and is closer to the floor than the ceiling in terms of value when compared to gold.
We hit an ATH again today. As you can see we have entered the parabolic stage of the move similar to 2008-2009. However, I do not think we will see as much of a parabolic move this time. In contrast to 2008-2009, this ratio has steadily climbed over the last 8 years. Additionally, silver has fallen at a much faster rate than gold as of late and I do not see...