$16 silver will be approx $1150 gold at an estimated 72 GSR. Silver will need to drop to about $12-$13, at 78-80 GSR to see gold sub $1000.
If the price drops so that a Lunar Horse kilocoins cost less than 500 euro, I will swap what I have left after my last weekends purchase. I think that price has a fair chance to try.
What was "soon" dated 3/26/2014? It wasn't a day. It wasn't a week. It wasn't a month. Geez, if my aunt tells me that she's going to the supermarket soon, it's usually the next 1-2 days. This topic is growing a beard.
Where are you, SpringfieldStacker19postssincemonths? I waited months, but my beard grew till the 'confirm order' button on my screen.
Yet, all I'm criticizing is that 'soon'. What is "technical" here? Observing peoples behaviour. That's what thieves do too haha. Instead of observing products / underlying economics, like real traders do. I'm not critizing that $16. There are topics here where people that around $40 said big price drop to expect, were ridiculized. With 3 smilies in a row, and by plenty.
If gold drops to $900, there is virtually no chance of silver stopping at $17. Current ratio is around 66-1. If gold drops 30%, the ratio is not going to contract to 53-1. An increase of the ratio to the 80-1 area is far more likely.
'Chance' and 'more likely', is for the gamblers room. In the speculation room, people decide what happens, not the casino owner.
The average GSR over the period 1993-2003 is 66 The average GSR over the period 2004-2014 is 56 The average GSR over the period 1970-2014 is 55 How about this? How do you define 'likely'? With your slot machine lever? I use statistical data. Instead of "virtually no chance".
Lies, damn lies and statistics. Worthless statistics at that. Seriously? You are quoting decade averages for GSRs and applying them to a multi year price extreme points? Anyone who has studied the metals will tell you that when pms decline, the GSR expands. Good luck with convincing the market that silver should decline less than gold from here and move the current 66-1 GSR back near a multi decade average. Do you happen to be kin to Sammysilver? Enough of this discussion for me.
Lies. Worthless statistics. Not serious. Anyone who has studied knows... Those are the famous general non-arguments. GSR is derived from gold price, and silver price. GSR thus IS a pure function of both prices. Your sentence "You are quoting decade averages for GSRs and applying them to a multi year price extreme points?" is thus alike "Oh My God You Are Using Past Price Trends to Predict Future Price Trends" And it's exactly the opposite of 'extreme', that's what you did, I used... averages. So lol, it's like your post here is a waiver to the mirror.
This is end juli 2014. Dated 4 months later. My beard just grew over my feet. How I know? I tried to ride a bicycle and it took me 5 metre to see a close up of the ground.
I'd be so excited to see $16 silver that I'd immediately prance into the nearest bullion shop with a massive boner and ask them to sell me the biggest bar they've got.
Are you sure? Because, I remember some people saying something similar, with prices $30 and $20. So when silver is $16, would it be different? The boner will move then to $10.
