• "Spreading the ideas of freedom loving people on matters regarding high finance, politics, constructionist Constitution, and mental masturbation of all types"

Gold / Silver ratio revisited

Strawboss

Home Improvement Sales Trainee...
Site Mgr
Site Supporter
Joined
Mar 31, 2010
Messages
6,582
Likes
11,691
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

Midas Member
Midas Member
Joined
Mar 31, 2010
Messages
4,648
Likes
1,550
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

Gold Member
Gold Chaser
Midas Supporter
Joined
Apr 10, 2010
Messages
670
Likes
1,403
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

Gold Member
Gold Chaser
Site Supporter ++
Joined
Mar 31, 2010
Messages
2,980
Likes
5,642
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

Gold Member
Gold Chaser
Site Supporter
Joined
Mar 31, 2010
Messages
9,427
Likes
10,561
Location
Instant Gratification Land
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

Midas Member
Midas Member
Midas Supporter
Joined
May 31, 2015
Messages
36,429
Likes
50,849
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!
 
Last edited:

BigJim#1-8

Silver Member
Silver Miner
Site Supporter ++
Joined
Mar 31, 2010
Messages
2,773
Likes
9,870
80.2/1 Both Au & Ag down.
 

BigJim#1-8

Silver Member
Silver Miner
Site Supporter ++
Joined
Mar 31, 2010
Messages
2,773
Likes
9,870
81.18/1 Noon EST.
 

the_shootist

Midas Member
Midas Member
Midas Supporter
Joined
May 31, 2015
Messages
36,429
Likes
50,849
Looks like another buying opportunity is fast approaching.

1567790903085.png


Are we baking the <$18 cake for silver?
 

BigJim#1-8

Silver Member
Silver Miner
Site Supporter ++
Joined
Mar 31, 2010
Messages
2,773
Likes
9,870
82.84/1 1:50 PM EST. Interesting what it will be over the weekend. Update after close.
 

BigJim#1-8

Silver Member
Silver Miner
Site Supporter ++
Joined
Mar 31, 2010
Messages
2,773
Likes
9,870
82.96/1 Close Friday. Goin' to grill some brats. Please do the same or another sausage of your choice.
 
Last edited:

Strawboss

Home Improvement Sales Trainee...
Site Mgr
Site Supporter
Joined
Mar 31, 2010
Messages
6,582
Likes
11,691
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

God,Donald Trump,most in GIM2 I Trust. OTHERS-meh
Sr Site Supporter
Platinum Bling
Joined
Apr 4, 2010
Messages
11,581
Likes
14,311

BigJim#1-8

Silver Member
Silver Miner
Site Supporter ++
Joined
Mar 31, 2010
Messages
2,773
Likes
9,870
83.3/1 Mid day. Looks like Au heading under $1500 & Ag under $18.
 

Strawboss

Home Improvement Sales Trainee...
Site Mgr
Site Supporter
Joined
Mar 31, 2010
Messages
6,582
Likes
11,691
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...
 
Joined
Jan 10, 2016
Messages
428
Likes
391
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

Silver Member
Silver Miner
Site Supporter ++
Joined
Mar 31, 2010
Messages
2,773
Likes
9,870
83.08/1 as of this post.
 

BigJim#1-8

Silver Member
Silver Miner
Site Supporter ++
Joined
Mar 31, 2010
Messages
2,773
Likes
9,870
84.98/1.....
 

BigJim#1-8

Silver Member
Silver Miner
Site Supporter ++
Joined
Mar 31, 2010
Messages
2,773
Likes
9,870
85.43/1.....

85.40/1 @ Friday close. Have a great weekend.
 
Last edited:

BigJim#1-8

Silver Member
Silver Miner
Site Supporter ++
Joined
Mar 31, 2010
Messages
2,773
Likes
9,870
84.12/1 on Oil watch Monday AM.
 

BigJim#1-8

Silver Member
Silver Miner
Site Supporter ++
Joined
Mar 31, 2010
Messages
2,773
Likes
9,870
84.3/1 this AM.
 

the_shootist

Midas Member
Midas Member
Midas Supporter
Joined
May 31, 2015
Messages
36,429
Likes
50,849
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

Gold Member
Gold Chaser
Midas Supporter
Joined
Feb 21, 2012
Messages
4,998
Likes
8,771
Location
On the top shelf.
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

Gold Member
Gold Chaser
Joined
Dec 14, 2010
Messages
3,270
Likes
3,014
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

Silver Member
Silver Miner
Site Supporter ++
Joined
Mar 31, 2010
Messages
2,773
Likes
9,870
84.04/1 not much change this AM.
 

BigJim#1-8

Silver Member
Silver Miner
Site Supporter ++
Joined
Mar 31, 2010
Messages
2,773
Likes
9,870
84.42/1 this AM.
 

BigJim#1-8

Silver Member
Silver Miner
Site Supporter ++
Joined
Mar 31, 2010
Messages
2,773
Likes
9,870
84.45/1 for the weekend. Pork Chops on the grill.

Update: Ratio the same, pork chops eaten.
 
Last edited:

Strawboss

Home Improvement Sales Trainee...
Site Mgr
Site Supporter
Joined
Mar 31, 2010
Messages
6,582
Likes
11,691
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