Here is a "ridiculous" gold/silver ratio chart .. We know markets love extremes, so it is perfectly "normal" for a swing in one direction (gold/silver = 120) to swing in the other direction (gold/silver=25) .. so even though it is ridiculous for a rational mind to expect gold +$2400 and silver +$110 by May, that is what the chart says ..
I could try to rationalize it:
- money temporarily leaving crypto currencies (gold/bitcoin ratio chart suggests the same)
- money leaving stock market - optimism has reached ridiculous^2 levels (I expect flash crash into March/April)
- or horde hordes of retail investors after running out of small stocks to melt up will melt up silver for a change ..
only time will tell.
I could try to rationalize it:
- money temporarily leaving crypto currencies (gold/bitcoin ratio chart suggests the same)
- money leaving stock market - optimism has reached ridiculous^2 levels (I expect flash crash into March/April)
- or horde hordes of retail investors after running out of small stocks to melt up will melt up silver for a change ..
only time will tell.
If you are one step ahead of the crowd you are a "genius" and you make money off the crowd, if you are two steps ahead you are a lunatic and you lose money not being able to sync with the crowd, if you are three steps ahead - better find a new planet :)
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
If you are one step ahead of the crowd you are a "genius" and you make money off the crowd, if you are two steps ahead you are a lunatic and you lose money not being able to sync with the crowd, if you are three steps ahead - better find a new planet :)
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.