Discussion in 'Silver' started by openeyes, Aug 27, 2019.
loving the direction this is taking
critical is 80, when it breaks then we have a trend change
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.
Continuing to head in the direction
Going to 76-75 next major... $21 and $26 after taking out the short stops $18.57
$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)
Gold/silver at small support of 82 expected to slice that level zigzag expansion to big key 77-74 level .
According to my TA
No big crash in price on your chart?
? I didn’t understand the question. Talking ratio here
Silver to Gold Ratio is now
But who is counting? Me, I like it.
It is reverting to the mean. How low can it go?
"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.
And we’ve just breached below 80
Yes expected more room down
On its eventual parity with gold of 1:1
I find it hard to believe that we will get to 16:1 - 30:1 seems like a realistic top to me.
My reasons are a simple GGLE search reveals supply as
Granted there are conflicting results in the 2 searches I joined in that Jpeg.
Got to be happy with that direction if your in Silver.
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.
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
I see major level around 55 on technical if we slice 71-69 level . I be happy with 55
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