Higher Gold and Silver ratios usually mean lower precious metals prices. By the looks of this chart, it seems likely that Gold and Silver mights still have one or two legs lower before this Bearish Broadening Formation plays out with a higher high as it test the top of channel at around 88 On a better note, looks like Gold and Silver are due for a huge move to the...
Platinum continues to get hammered in every witch way possible. This should be a tremendous opportunity for some long term longs. The chart on the right is the Platinum and Gold ratios. This chart only goes back to 1998 or so but if you can find a chart going back further, you'll find that PLT and GLD ratios multi-decade is around .68 - .75. This is a BIG buy...
Silver has been smacked down pretty hard on the jobs report. The market seems to think that a rate hike is a sure thing. I don't think silver will create a new low based on assumptions. I think the buyers will stay around till at least the 1st week of Dec. The rate decision will be in the middle of Dec so i think we still have plenty of time for a quick rally. ...