Based on the triangle patterns of gold and silver this is extrapolation of the ratio.
Very long term silver trend (huge triangle pattern) seems more clear.
It seems the long pattern is becoming more clear where and how is the gold going in the next 8 years. There is a clear cup and handle pattern.
EOS hit bottom of the long term channel, in the process creating a falling wedge pattern which is about to result in a break out and run to $8-$10, after which a retest of a bottom of a (new, steeper) uptrend channel is expected.
The short term (wedge) bounce is a part of a long term downward channel, most likely hitting bottom (60cents) in 2028, where we go from there is anybodys's guess
We are most likely looking into short term USD bounce (finished wedge) combined with interest rate rise and a market decline into next year.
Technically we need to break through the support at 60 to go down to 25. Things are getting interesting in the pork belly market - if anybody gets the reference? :)
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...
I took a closer look at 2009-2011 chart and found striking similarity. I wonder if the history is going to repeat itself .. plenty of fundamental reasons for it this time.
Banks will be under a lot of stress once the debtors start to default en masse. Recovery from the crash was very weak, we are most likely going to revisit the lows, if not go even lower.
Opportunity is coming in natural gas after the correction and confirmation that the June low will hold.
Apparently markets can be more crazy than I can imagine. $26 was my target for after correction, but the markets run up to it today! There are so many open gaps on the down side, hard to tell how deep the correction will go.
We are looking to get a pull back into September, then turmoil into the election hitting most likely $26, then a much larger pull-back due to post-election euphoria and final leg up in stocks.