GSR
$GOLD - $SILVER ratio: ?IH&S, zoom out! H&S baby!! Larger timescales always dominate shorter ones. SO looking at only the D, it looks like there's a dump, then IH&S adn so a bearish turn/
But zoom out, and be reassured! It'sa giant h&s and we're just in a knuckle on the way down.
Thatsaid - be mindfful of strong resistance/bounce after the next run.
$GOLD may pop up , but I think #megaphone in a #downchanneldo wnchannel wit a MEGAPHONE in it makes teh most sense to me.
Leave y'all hanging over the weekend!
Silver 12y BULLFLAG, stay tuned for the seriesNext target is $40, that's coming out of the IH*S internally.
IS a conventional bullflag. Have a core downchannel, now building on that support to the top-right corner to BO. DOn't expect whips below core channel - UNLIKE 1y silver consolidation, 1y sideways continuation pattern, no structure HENCE needed to hit the bottom-right corner to generate the power for the upmove.
Tee purple is the actual flag boundaries, so break that and ka-pow!
But before then, expect ~$40 then a backtest.
Wait annd see teh next few piccies. YOur mind gonna be blown!
Silver/Sugar/DXYThe Gold/Silver ratio (GSR) tracks the relative performance of Gold over Silver, i.e. a breakdown of the chart indicates a stronger Silver performance relative to Gold.
In this chart I present a decision time for the GSR, where in the lower pane, in the past we can see a cross-over of the dollar strength (DXY) relative to sugar futures (SB1!) has been an inflection point for the GSR.
Sugar, as an analogy for real inflation and commodities more widely, has tended to outperform the dollar in a macro environment that is more favorable for silver outperformance.
At this crossover point in the lower pane, we may see rejection or a follow-through, I'm favoring the latter. The cross-over follow-through may have strong implications for silver performance.
Zoom out. Chill out.
Silver - Breakout - About to Start Leading GoldThat's a long way down.... :)
Sitting on the edge of the cliff.
Comparing price action in gold and silver today. Silver looks ready to take the lead.
Metals setting up for a big rally.
Looking back gold rose over $400 in two months 2011.
Banks are used to dumping paper gold shorts hitting sell stops, driving the price down. Lately it looks like those sell stops have been replaced with buy limits..... Price goes down a few dollars and then rebounds hard and fast.
Banks have lost control.
$OSTK $100MM Makara, GSR investment due diligence processingIt is interesting to me that the price dipped at all. It looks like many traders are confused about the meaning of what an MOU is. Donald Trump recently was confused about it when the term was being used for the document spelling out the trade agreement with China.
www.stockme.info
Regardless of that, it looks like the wider ABC corrective wave is now complete and found support on the cloud a second time at $17.25.
The chart above shows what the next impulse wave may look like while folks digest the impact of a $100 million investment in Overstock subsidiaries tZERO and Medici Ventures leading up to earnings.
Gold:Bitcoin Ratio Now Higher Than Physical Gold:Silver Ratio!You know that old crypto saying: "Litecoin is Silver to Bitcoin's Gold". Well now 'Gold is Silver to Bitcoin's Sound Money Supremacy'. Well in price ratio terms it is. I know I'm not comparing apples with apples, & for the purpose of not embarrassing Gold's post crypto performance any further, it's probably best I don't. But in terms of available supply, there are currently 777,275 metric tonnes of Silver, compared to 166,500 metric tonnes of Gold; Which gives a physical supply ratio of roughly 4.66 tonnes of Silver to each tonne of Gold. This obviously doesn't translate to the current Gold to Silver price ratio, that currently sits around today 75:1. This is why many think Silver, which has many irreducible industrial & technological applications is often sighted as a sleeping giant in terms of investment vehicles. But like gold, silver suffers heavily under the influence of secondary & futures markets, that trade paper contracts leveraged many multiples over & above the underlying physical metal good for delivery. Opting instead to settle 'delivery' in fiat currencies rather than physical metal. And herein lies the beauty of Bitcoin, with it's own baked into the protocol permissionless instant settlement & good delivery mechanism it will always be an impossible beast to bridle, as secondary & futures markets prove to be superfluous to it.
Sources:
demonocracy.info
demonocracy.info
Gold Silver RatioGold Silver Ratio is showing that Silver is a better bet than Gold at the moment. Looks very likely the smaller channel will break downwards unable to break above the larger channel and ratio could end up near bottom of this range in mid 20's This may be a clue that bull trend in precious metals is about to resume.
