Gold/silver ratio

Discussion in 'Silver' started by openeyes, Aug 27, 2019.

  1. openeyes

    openeyes Well-Known Member Silver Stacker

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    loving the direction this is taking
    upload_2019-8-27_22-19-56.png
     
  2. alor

    alor Well-Known Member Silver Stacker

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    critical is 80, when it breaks then we have a trend change
     
    66rounds and openeyes like this.
  3. openeyes

    openeyes Well-Known Member Silver Stacker

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    I look forward to that day. We are all doing pretty well right now but yes there are major levels that need to be broken to establish a totally new trend. Let’s see.
     
  4. openeyes

    openeyes Well-Known Member Silver Stacker

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    Continuing to head in the direction

    upload_2019-8-28_22-36-40.png
     
  5. Tokyo

    Tokyo Member

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    Going to 76-75 next major... $21 and $26 after taking out the short stops $18.57
     
  6. Gonzo

    Gonzo Active Member

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    $18.50 is going to be a critical test area with a sell-off at this point prior to punching up to $21 (according to technical analysts at least)
     
  7. Tokyo

    Tokyo Member

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    Gold/silver at small support of 82 expected to slice that level zigzag expansion to big key 77-74 level .
    According to my TA
     
  8. openeyes

    openeyes Well-Known Member Silver Stacker

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    No big crash in price on your chart?
     
  9. Tokyo

    Tokyo Member

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    ? I didn’t understand the question. Talking ratio here
     
  10. JOHNLGALT

    JOHNLGALT Well-Known Member

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    Silver to Gold Ratio is now
    WHO IS COUNTING.JPG
    But who is counting? Me, I like it.
    It is reverting to the mean. How low can it go?
     
  11. JOHNLGALT

    JOHNLGALT Well-Known Member

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    "According to S&P Global Market Intelligence (gold) and my estimate (silver), global gold production will reach 110 million oz (M.oz) this year, while world silver production will likely fall to 850 M.oz"
    According to Steve St. Angelo in this silverbearcafe article the ratio coming out of the ground is 7.27 to 1.
    http://www.silverbearcafe.com/private/09.19/surges.html
     
  12. mongrelmaple

    mongrelmaple Well-Known Member Silver Stacker

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    And we’ve just breached below 80 ;)

    6C1447E1-A6F1-471C-A573-8D021A5F62C5.png
     
  13. Tokyo

    Tokyo Member

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    Yes expected more room down
     
  14. JOHNLGALT

    JOHNLGALT Well-Known Member

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    On its eventual parity with gold of 1:1
     
  15. ozcopper

    ozcopper Administrator Staff Member

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    I find it hard to believe that we will get to 16:1 - 30:1 seems like a realistic top to me.
     
  16. JOHNLGALT

    JOHNLGALT Well-Known Member

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    My reasons are a simple GGLE search reveals supply as
    Granted there are conflicting results in the 2 searches I joined in that Jpeg.


    REASON FOR 1 TO 1 RATIO_REAL NUMBERS.jpg
     
  17. openeyes

    openeyes Well-Known Member Silver Stacker

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    Got to be happy with that direction if your in Silver.
     
    Pendragon and Thor's way like this.
  18. Jislizard

    Jislizard Well-Known Member Silver Stacker

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    30:1 will do nicely for me but I won't be greedy, I will start swapping back to gold around 45:1 (around 25% of the stack) then again at 40:1, 35:1 and the last 25% at 30:1 if it gets there.

    Took me ages to find the paperwork where I had all this written down, it has been a while since we had any interesting moves.
     
    Thor's way likes this.
  19. Tokyo

    Tokyo Member

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    Gold was out performing until 2 month a go some smart guys probably swap to silver but overall metal should go higher.
    My nickel trade looking good also
     
    Last edited: Sep 4, 2019
  20. Tokyo

    Tokyo Member

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    I see major level around 55 on technical if we slice 71-69 level . I be happy with 55
     

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