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Daily GSR - Gold/Silver/Ratio Thread

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On my chart the monthy GSR looks overbought and in similar condition to the other points at which the balance started to favor silver... this should mean its very close to rally time.
Ask Cousin 'Dial about his wagering track record with yours truly. :cool:
 

andial

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Ask Cousin 'Dial about his wagering track record with yours truly. :cool:
Where are we at with that bet? You win if it goes to 51 and i win if it goes to 71?
 

Tinbox

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If Andial hadn't of made that bet I might actually be worried that we'd see 71 :p

Current GSR: 64.4
 
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If Andial hadn't of made that bet I might actually be worried that we'd see 71 :p

Current GSR: 64.4
He really twisted my arm to get that. I originally wanted 71 vs. him taking 51. I went ahead with it out of a guilt feeling about winning our previous bets. We shall see. ;)
 

Irons

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Suppose life could be worse. I could be heavily invested in copper bullion. :bear_blink:
Secure storage only stars use? That's gotta be safe man, the world is running out of copper.

China, India's wedding season. Cell phones. Solar panels. Soon it will all be gone. :cry_smile:
 

Irons

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Gold runs and we'll see 80+:1 this time. :cool:

We tried brother 'Cubed, we tried. Ah well. :cheerful:
 

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$2,000 and $25 sounds alright to me, I doubt gold will go up that much with such a significant gsr increase but ya never know.
 

Irons

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$2,000 and $25 sounds alright to me, I doubt gold will go up that much with such a significant gsr increase but ya never know.
Gold will run first and open the GSR way up, then silver will follow and overshoot it when Gold settles. Or it might not. :cheerful:
 

smooth

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You gave up? I liked the old andial..... before this forum broke his spirit..

30:1 someday. someday..

Insert one of Irons skeleton pics below
 

Irons

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Was it the forum, or silver? Perhaps both:bear_laugh:
I believe it was silver that did it. I have seen it happen to others, heck if you could look at my first posts on GIM1 I was a huge silver believer. Hook, line and sinker.
 
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65+

:favorites8:
 
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63.7, It's creeping down.
Typical. Spots up; GSR down. 62-ish now.

It wouldn't surprise me for gold to be the story this time, though. If the TV pundits start talking, it could catch fire; in which case that retreating GSR trend will reverse. CNBC did silver a few years back. Considering the end result, they likely need a new line. IOW, they don't really give a darn what they talk about; they just get paid for talking and rising tides make them look like they know what they're talking about (when they don't).
 

Irons

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Typical. Spots up; GSR down. 62-ish now.

It wouldn't surprise me for gold to be the story this time, though. If the TV pundits start talking, it could catch fire; in which case that retreating GSR trend will reverse. CNBC did silver a few years back. Considering the end result, they likely need a new line. IOW, they don't really give a darn what they talk about; they just get paid for talking and rising tides make them look like they know what they're talking about (when they don't).
Today's little pop will be beat back, silver is moving too much in relation to Gold.

For the silver bugs, when gold runs and silver sits that's your que to buy the feck out of silver.
 

smooth

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latemetal

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65+ at 70 I sell gold...:bear_thumb:
 

latemetal

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63.97, down just a little, still sell gold and buy silver if you can get it.:s9:
 
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Bullish Metals Ratio Charts Indicating a New Healthy Bull Market

By Trader MC | Commodities | Jun 18, 2014 11:52AM GMT

First of all, it is important to keep in mind that Miners are extremely undervalued and the down move in Metals was a cyclical bear market within a secular bull market which means that the primary trend is up. Bullish price action and bullish patterns have been taking place for several weeks in Miners and Metals. You can see on the following charts that the HUI/Gold ratio bottomed almost at the same level as in 2000 which was a major bottom for the Gold Miners Index.

pice2427177d1c72f9a58587c0e61c671d1.jpg

Below you can see that the Gold/XAU ratio chart is currently showing a possible Head and Shoulders Pattern which indicates that Miners are outperforming the Gold Metal. The Gold/Silver ratio long term chart made a false breakout of an Inverse Head and Shoulders Pattern. A false breakout often generates a strong move in the opposite direction.

pic8d51f6d27adc59cb1fc2f14178a49144.jpg

On a closer view you can notice that the Gold/Silver ratio chart made a Double Top Pattern and broke below the neckline of a Head and Shoulders Pattern. The Gold/Silver ratio backtested the neckline and is currently making new lows which is also a bullish sign for the Complex Metals. Miners are outperforming Gold and Silver is outperforming Gold, which is what we want to see in a healthy Metals Bull Market.

picb767ac16f13bedee3826106cd1f3abf0.jpg

On the following chart you can see that the XAU Index backtested strong supports and prices reversed to the upside. The Domed House and Three Peaks Chart Pattern has also been entirely completed at point 10 several weeks ago and the price action reversed strongly to the upside at point 10.

pic89a725539500f1ddd1b15a64bde112f8.jpg

pic4b2b99b251c48675132567242cccc9aa.jpg

picb7d92e80f153418b11cc06fa23648e05.jpg

The Gold Metal has strong support channels around $1220-$1230 and Silver broke out of a Falling Wedge Pattern.

pic2bdd4ac85033e4fb6658122c9b510fef.jpg

piccf7f376f9fad32f50e2ab819c9fff367.jpg

The big picture of all the Complex Metals is showing bullish consolidation patterns. Corrections often end with Falling Wedge or Expanding Wedge Patterns. Silver and Platinum are forming Falling Wedge Patterns and Gold is forming an Expanding Wedge Pattern. You can also notice that Copper is very close to break out of the Falling Wedge Pattern like Silver. Palladium is leading with new highs which is also bullish for the Complex Metals.

pic5ae0518c5f42ffb31a38e8371dae1937.jpg

On a closer view you can see that Miners re-bounced as expected on the 78.6 Fibonacci level. The Junior Miners Index (Market Vectors Junior Gold Miners (ARCA:GDXJ)) is leading as prices already broke above the apex of the Triangle Pattern and also above the declining trendline resistance.

pic1fbf48566ca6345b6f30d1f0df821267.jpg

Gold has an important resistance zone at $1290-$1310, a breakout above $1310 should send it at much higher prices around $1550-$1600

pic91fe6f7c502f39719d5fb306c27eaeb8.jpg

piccd7dc3fd59a38d324395a82306c0d632.jpg

It has been several weeks during which the price action has been showing us bullish patterns in Miners and Metals ratio charts. We therefore took long positions in Miners and Metals for the intermediate term trend (JNUG 3X leverage is already up 80%) as I think that it is important to respect what the market is telling us and to look for clues that reverse the trend. Charts are showing that the cyclical bear market has ended and the secular bull market primary trend has still a lot of upside potential.

http://www.investing.com/analysis/b...s-indicating-a-new-healthy-bull-market-216554