Leon is like a Gold Prophet. I'm saving all his posts and creating the book of Leon. Leon 12:26-29 "The mighty Leon says to the people. thoust gold is precious, but on the 3rd day it shall crash with great burning fire hurling to the abyss. And on the 8th month of the 4th year it shall rise from the ashes like a falcon, and soar to great heights. Where as before we saved Gold, Gold will now save us"
8th month of the 4th year from now.........hmmmm I wonder if, in your haste to mock, you have actually foretold a very important time for the gold bull. So about August 2021....I will try keep this date in mind. I am sure I will still be waiting for the 'big move' in precious metals. oh...and by the way. I think Leon is right on this call as well.
I don't pay any mind to GSR. They are 2 different animals and the ratio is not a guide to anything and to base your decisions upon it is fraught with danger. It is not set in stone regardless of what you may read. There is this belief of a GSR of 16 but it simply an occurrence in time, ships passing in the night type of thing. It may return to that ratio, it may not.
"Banksters are looking for gold bagholders above US$1180." I guess they must have found them all by now ... ( gold @ $US1197. )
These are not the bag holders you are looking for Leon. Needs to turn down again for you. Silver isn't moving up much so it may do.
Tolly the GSR is just as important as the AUD/USD ratio. If we see the tide turn and next week you can trade your AUD for $1.20 USD a smart person would jump on that as historically we could argue that is a bloody great deal and eventually it will return to a point where your AUD will only buy $0.70 USD. The GSR is just an easily identifiable way of potentially making money when things get out of kilter on a very fluid commodity. While they are independent of each other JUST LIKE THE AUD and USD there is still a relationship there that makes these ratios valid.