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Daily GSR - Gold/Silver/Ratio Thread

Discussion in 'PM Trading/Stocks/Technical Analysis' started by jogslvr, Mar 4, 2011.



  1. jogslvr

    jogslvr Gold Miser Gold Chaser

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    9:00 AM CST - GSR currently at 40.6 to 1
    Silver Horse is out of the barn. Hey, he must be a Mustang stud. :cool:
     
  2. Rusty Shackelford

    Rusty Shackelford Midas Member Midas Member

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    And none to happy about it. Have been waiting of 40 to make a trade for a couple of weeks. I finally get the number I want and guess what? I can't make it to the shop this weekend. With my luck this will signal the end of 40:1 and back to the 60:1 days
     
  3. coopersmith

    coopersmith for fuck sake.......... Silver Miner

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    Dont fret man, at this rate it will be 38 by mid next week.
     
  4. Ruprick

    Ruprick Seeker Seeker

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    Wait for 30:1....silver will 2X the performance of gold until we hit 20:1 or even lower ratio.

    Keep in mind, silver just reached its "solid" (not the intraday $50 spike) nominal high of 1980....while gold crossed the $850 mark (its 1980 high) long ago.

    What was the ratio back then.....let's say $850/$35 = 24:1

    That is AT LEAST where we are heading again.

    I was thinking gold would be $4000 - $5000 by that time....but now, I'm thinking roughly $2500 Gold = $100 silver......

    I'm targeting silver at $50 this year or so...

    Can't really say - but 20:1 or better will happen in the few years.

    I'm holding out for much better ratio.
     
  5. jogslvr

    jogslvr Gold Miser Gold Chaser

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    I have doubts that goldbugs will swap their gold out for silver at 20:1. But, we could hope, I guess.
     
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  6. andial

    andial Sir Midas Member Site Supporter ++

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    I'm getting MURDERED! here. I was hoping for a downturn in metal prices so the GSR could hopefully rise a bit to 47 maybe 50 at tops. But it's going the wrong way right now, looks like a thirty handle is more likely. Bunch of bull if you ask me.
     
  7. jogslvr

    jogslvr Gold Miser Gold Chaser

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    2:45 PM CST - VERY close to 40/1 yee hah
     
  8. ccjoe

    ccjoe Gold Member Gold Chaser

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    16/1 andial and it may get even lower.
    I got out of gold in late 08 or I would have lost over 100K.
    Go all silver and some copper.
     
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  9. ME Co.

    ME Co. Silver Member Silver Miner

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    Best way to deal with ccjoe is to put him on your ignore list. Have to go to your profile page and click "edit ignore list", type in ccjoe and its done. No danger of missing anything from a broken record and you may not have to read about buffoonery. HH Mark
     
  10. Irons

    Irons Deep Sixed Site Supporter Mother Lode

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    I'm flat out of the prediction buisness, it's all gone mad. Hmmm, I could go buy a bunch of silver. That would tank it for sure!!~:banana:
     
  11. jogslvr

    jogslvr Gold Miser Gold Chaser

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    You could trade me some of those sovs for a pile of my silver and it wouldn't threaten the Ag spot run up. :-)
     
  12. Irons

    Irons Deep Sixed Site Supporter Mother Lode

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    And get stuck with a pile of $9 silver again for years at a time? Once bitten twice shy Kemosabe, the sirens are calling but this ship is staying away from the rocks.

    For the record I have no idea what sovereigns you are referring too.
     
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  13. KGMe

    KGMe Gold Member Gold Chaser

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    Buying gold instead of silver at the moment. Will probably make another trade if/when we drop under 40. Will likely dump most by 35.
     
  14. Irons

    Irons Deep Sixed Site Supporter Mother Lode

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    I'm bringing some silver in today, around a 1/2 oz gold's worth.
     
  15. jogslvr

    jogslvr Gold Miser Gold Chaser

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    I recently traded 19 oz silver for 2 sovs and I think sides of the trade are happy. Isn't that like 41.5 to 1?
     
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  16. ME Co.

    ME Co. Silver Member Silver Miner

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    A good bit of my 90% is in coin books still- gonna wait to trade them for more FV before I go for the gold again. HH Mark
     
  17. Irons

    Irons Deep Sixed Site Supporter Mother Lode

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    Great trade, that would have triggerd a happy dance!
     
  18. jogslvr

    jogslvr Gold Miser Gold Chaser

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    Man, it did. I got a young queen Vic and an old queen Vic, both in AU condition. They're my first sovs ... think I'm in love.
     
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  19. Irons

    Irons Deep Sixed Site Supporter Mother Lode

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    I know the feeling, they are by far my favorite coin right now. Wait until you stumble on a proof, the royal mint really pulls out all the stops on those!
     
  20. rodzm

    rodzm Gold Member Gold Chaser

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    For the first time I felt something very weird...I had this urge to look at my stash to see how many ounces of silver i could trade for gold, it almost felt like I was scrounging to get another fix. I think Im already going on withdrawals....got to fight the urge and stick to my trade target of 38 but what if we dont get there, what if we do...should I trade for 1/2 oz or do half now and half at 33 or 34 if we get there.

    It sucks because I have this feeling that we really wont get that low and at the same time there is a small part of me that gives a glimmer of hope that we may indeed go low 30s
     
  21. Irons

    Irons Deep Sixed Site Supporter Mother Lode

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    What mint are they? Really doesn't matter but I like to look. I have mostly London mint with 2 Sydneys and 1 Melbourne.

    http://www.goldsovereigns.co.uk/mintsandmintmarks.html
     
  22. Ragnarok

    Ragnarok I'd rather be Midas Member

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    GSR 40.168 as I write. If it stays the same or goes lower tomorrow, I'll call my local dealer and see if he'll trade a couple ounces of Au for a 100oz Ag bar - since the difference is 701.4 in his favor, there might even be some "change I can believe in!". Thoughts?

    R.
     
  23. jogslvr

    jogslvr Gold Miser Gold Chaser

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    Thanks for that link, Irons.

    The young head queen dated 1886 has the "M" mint marked
    The old head queen dated 1891 doesn't seem to carry an easy to see mint mark. I can't tell if it has the "S" mint mark or that is a knot on the log above the date? If it is an "S" it is no where near as clear as the one one in the picture. What do you think about the 1891 old head? Should the "S" be real easy to read under 10x loupe? The more I look at it, the more it looks like a faint "S".
    they both make weight and size specs with great detail.
     
  24. rodzm

    rodzm Gold Member Gold Chaser

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    If it dips below I'd say go for it...Im getting the shakes myself because 40 is not a bad target to trade at. Im hoping for 39 or lower to make my trade but Im debating if i should trade for 1/2 oz or a full ounce. My available silver is very thin right now and ofr the rest I would have to drive an hour away to get it so Im kind of torn right now
     
  25. jogslvr

    jogslvr Gold Miser Gold Chaser

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    I'm seeing a lot of big shot predictions of 30:1 not far down the road but it sure seems crystal ball stuff to me.
     
  26. rodzm

    rodzm Gold Member Gold Chaser

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    Hell you got big shot predictions all the way down to 16:1...when it comes down to it nobody really knows how low it will go, hell past performance may not even be an indicator. For all we know silver may go to $50 and gold to $2000 and guess what....you still have a 40 ratio.
     
  27. Rusty Shackelford

    Rusty Shackelford Midas Member Midas Member

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    716pm EST on Sunday March 6 39.91!!!! Guess it worked out that the daughter had a softball tourney and I could not get to the shop on Saturday.
     
  28. Ruprick

    Ruprick Seeker Seeker

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    Silver will easily beat gold 2:1 going forward from here.

    It is game on - we will even test the 16:1 ...perhaps even 10:1.....silver is so useful while gold has such limited uses. Technology has completely changed the game.....you can toss the past 5000 years out the window.

    I'm not saying gold is garbage....it has the inertia of those 5000 years....but the world is now waking up to the usefulness of silver...and the silver short manipulation is now unwinding.

    I'm still thinking of swaping my last bit of gold for even more silver...I'm 90%/10% silver biased right now.
     
  29. silverwood

    silverwood Silver Member Silver Miner

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    Very interesting thread! I am a silver bull and have been one for several decades. With that said I am sensing an opportuntiy to trade out of some very bulky silver for gold. Does anyone have any experience with any of the major dealers on this particular trade. I know Franklin Sanders does this and I will give him a call to see what his terms are. What info I am looking for is how a transaction like that, gold for silver, or more specifically US GAE for 40% silver halves would be viewed by the IRS. Any help in this matter would be greatly appreciated. PM me if you want to be less visible.
     
  30. KGMe

    KGMe Gold Member Gold Chaser

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    39.36:1!!

    Should be an interesting week!
     
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  31. Irons

    Irons Deep Sixed Site Supporter Mother Lode

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    Some of the mint marks are hard to see even with a loupe. They seem to be the first thing to go as the dies wear.
     
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  32. coopersmith

    coopersmith for fuck sake.......... Silver Miner

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    I pulled the trigger on a trade this morning and ended up trading a 100 pan am bar, I recieved 10 sovs for my efforts. Come on 35, lets do it again!

    :banana::banana::banana::banana::banana::banana:

    The bar was from a trade I did last yr gold---->silver, at 67:1

    Blam!
     
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  33. Irons

    Irons Deep Sixed Site Supporter Mother Lode

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    ...........:23_28_100s:....THATS how it's supposed to work! Great Job!:five:
     
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  34. coopersmith

    coopersmith for fuck sake.......... Silver Miner

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    Thanks for the kudos man, its all your fault! I hope you can live with yourself..........:dance:
     
  35. Irons

    Irons Deep Sixed Site Supporter Mother Lode

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    Just for that I'm going to buy myself a beer....:beer1:
     
  36. rodzm

    rodzm Gold Member Gold Chaser

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    The ride up will be a fun one...if you trade the 2.354 oz of gold for silver at a ratio of 65 you will net roughly 153 oz of silver. I believe that is over 50% return on your original 100 oz bar
     
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  37. ME Co.

    ME Co. Silver Member Silver Miner

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    Looks like you guys are having all the fun- I'm still sitting pat. At these silver prices I'm afraid all my numi stuff would be concidered junk silver, maybe I can get some bonus out of my full sets though. I should have traded the numis last year and been ready for the runup but I procrastinated. HH all, Mark
     
  38. Irons

    Irons Deep Sixed Site Supporter Mother Lode

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    What I have found is in general (I don't mean you guys) silver buyers are moody. They chase a high price buying like crazy but let that high price sit for a week or so and the buying drops off a cliff.

    I try to bring in silver to sell or trade when it seems like everybody is on a silver buying blitz. You get a better deal when the dealers know they will sell what you just brought in quickly.

    Sure you don't hit the very top of the market, but momentum is important. I want the people I deal with to do well also.

    Saturday I brought in some nice silver and not only did he give me a great price for my silver, he sold me gold krugerrands for damn near spot. It all works out.
     
  39. Eat Beef

    Eat Beef Gold Member Gold Chaser

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    What kind of spread are ya'll getting?

    With the GSR between 39-40 today, the best trade I could get was 3% against me (over 42:1). This was over the phone, I probably could have done better in person, but I'm an hour drive from most of my dealers.
     
  40. silverwood

    silverwood Silver Member Silver Miner

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    I could get 45.43 to 1 using 40% silver halves and buying 1/4 ounce GAEs. I'm will pateintly wait for a lower exchange ratio using the same two US coins.
     

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