The Au/Ag ratio is an important metric for gold investors.
$723: Gold price week ending 2008 - 10 - 13.
$1883: Gold price week ending 2011 - 04 -18.
That's 260% gain within 3 years.
A correction of the same magnitude in the gold/silver ratio would equate to a potential gold price of $2750, based on the DEC 2016 low ($1060).
Nothing is for certain, but a price above the previous high and in the $2000 range, appears possible.
$723: Gold price week ending 2008 - 10 - 13.
$1883: Gold price week ending 2011 - 04 -18.
That's 260% gain within 3 years.
A correction of the same magnitude in the gold/silver ratio would equate to a potential gold price of $2750, based on the DEC 2016 low ($1060).
Nothing is for certain, but a price above the previous high and in the $2000 range, appears possible.
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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.
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.