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Gold / Silver ratio revisited

Strawboss

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I hope they are all right - and that I am 100% wrong...

Its just that silver has a weekly RSI over 80 and history suggests STRONGLY that precedes...a

TIMBER!!!!!

But - who knows...this time might be different...
 

Dude

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Silver is still undervalued. I told my brother a few months ago buying silver at $16.00 or less, including premium, should not still be happening. Be happy you have a few thousand to drop right now.
 

Varmint Hunter

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Seems like hocus pocus to me. Couldn't a single world event throw this theory, based on charts, graphs and past performance, out the window??
Agreed.
Depending what it was/is, a single world event could easily hasten the GSR.
 

smooth

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Seems like hocus pocus to me. Couldn't a single world event throw this theory, based on charts, graphs and past performance, out the window??
It's not Hocus Pocus.. Its based off of historical movement and technical analysis. The other half would consist of fundamental analysis which most here consider a no brainer. But yes, a single world event could send metals much higher :) Speculation is what it is, but there is much to pay attention to.... JMHO
 

Joe King

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Seems like hocus pocus to me. Couldn't a single world event throw this theory, based on charts, graphs and past performance, out the window??
Yea, I think it kinda looks like hocus pocus too, but after following some of it that has been posted, I gotta say there sure seems to be something to it.

Also, having a historical perspective lets you better recognize when a trend changes at some point in the future.
 

the_shootist

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Yea, I think it kinda looks like hocus pocus too, but after following some of it that has been posted, I gotta say there sure seems to be something to it.

Also, having a historical perspective lets you better recognize when a trend changes at some point in the future.
Agreed. Given the volatility in the world today, and the significant upswing in that volatility since Trump took office, I'm betting that the term 'past performance does not guarantee future results' in the case of PMs rings pretty true. Hold on and enjoy the ride!
 
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BigJim#1-8

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80.2/1 Both Au & Ag down.
 

the_shootist

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80.2/1 Both Au & Ag down.
Here's the culprit!
1567692226465.png

Let me check the chart to see if i should buy now or sell. Right now metals are in free fall, like a Disney roller coaster ride....hold on!
 
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the_shootist

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A week's worth of upswing gone in 2 hours:

1567695960411.png


How do we 'chart' that?
 

BigJim#1-8

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81.18/1 Noon EST.
 

Varmint Hunter

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Another GSR chart:
gold-silver-ratio.jpg
 

Varmint Hunter

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the_shootist

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Looks like another buying opportunity is fast approaching.

1567790903085.png


Are we baking the <$18 cake for silver?
 

BigJim#1-8

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82.84/1 1:50 PM EST. Interesting what it will be over the weekend. Update after close.
 

BigJim#1-8

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82.96/1 Close Friday. Goin' to grill some brats. Please do the same or another sausage of your choice.
 
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Strawboss

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Are we baking the <$18 cake for silver?
Um...we bake the cake when its moving up.
We dispose of the remains of the cake when its moving down.
 

GOLDBRIX

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BigJim#1-8

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83.3/1 Mid day. Looks like Au heading under $1500 & Ag under $18.
 

the_shootist

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Good, hopefully they'll both come down hard so I can add to the stash
 

Strawboss

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Was doing fine till "Someone posted a fuking rocket!!!"
LOL...

Well played...

In my defense...I did try to warn y’all...and even told you I posted it in jest...
 

Bman33

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i was planning to sit on the sideline for a long time when it comes to adding to my stash. Turns out the reason for that went away along with a recent tragic boating accident where I lost all my silver. I am starting over! Time to gobble up some silver and trade some gold for more. Damn this feels good.
 

BigJim#1-8

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83.08/1 as of this post.
 

BigJim#1-8

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84.98/1.....
 

BigJim#1-8

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85.43/1.....

85.40/1 @ Friday close. Have a great weekend.
 
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BigJim#1-8

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84.12/1 on Oil watch Monday AM.
 

BigJim#1-8

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84.3/1 this AM.
 

the_shootist

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Just because they've been caught manipulating metal prices doesn't mean they're ready to stop doing it! There are no repercussions, no real penalty, so why stop now?
 

oldgaranddad

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Excuse my ignorance on the topic but why isn't the gold-silver ratio going all catawampus now that the repo markets are going topsy-turvey and askew with the Fed having to jump in and start the virtual printing presses?

Dollars should be flooding into gold as a safe haven and leaving silver, that red headed step child of an industrial metal, in the dust. Am I correct?

What gives?
 

savvydon

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I’m not clear what the relationship is between the repo markets and gold. I do agree that dollars should be flooding into gold. I don’t know about leaving silver, though. Silver traditionally has one foot in the industrial camp, and one foot in the monetary camp. Further, the GSR has already been so distorted by historical standards that I don’t know how much farther it can be pushed up.

One theory goes is that, since silver is a smaller market it is more easily manipulated. For some time now the gold price has been manipulated using silver as a lever. It has been this which brought us close to the historically overblown GSR well north of 90. The theory further goes that, once the manipulators lose control of the market (perhaps due to physical shortages) the metals will erupt like a submerged beach ball. Since silver has been further levered down it stands to reason that it will pop faster and higher, comparatively, bringing the GSR down.

Of course there are many moving parts here to be considered...
 

BigJim#1-8

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84.04/1 not much change this AM.
 

BigJim#1-8

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84.42/1 this AM.
 

BigJim#1-8

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84.45/1 for the weekend. Pork Chops on the grill.

Update: Ratio the same, pork chops eaten.
 
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Strawboss

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1569063434911.png


We are in good shape as long as it stays below 86.50...
 

Strawboss

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A different sort of view. We are under the cloud (which provides support/resistance) and the cloud is also forward looking - so we should see that resistance moving down in the next few weeks...(a good sign as long as the GSR doesnt rally up and through the cloud)...

1569063706767.png