| Author |
 Replies: 7 / Views: 1,535 |
|
|
Pillar of the Community
United States
586 Posts |
 10-year chart showed that GSR (Gold-to-Silver-Ratio) has peaked; and trending DOWN. Last few months have seen worrisome price movement: When GSR drops, Silver held up and Gold crashed; When GSR bounces, Silver crashed and Gold held up. In summary, gold and silver took turns to plunge, while GSR stepped down month after month. So far GSR is still about 70. Can't imagine what if GSR drops to below 40.
|
|
|
|
Pillar of the Community
 United States
586 Posts |
In the gold futures market, commercials have been sitting on mountains of short position. As commercial traders use short position as a hedge against their inventories, apparently their inventory build-up has been massive. The reason is very simple: there're almost no physical buyers. People who bought in the early this year, are losing money.
Gold price will need to keep dropping, until buyers show up.
|
|
Pillar of the Community
United States
4211 Posts |
I am not a stacker but do enjoy following the metals market and have a little gold as well as silver.
Interesting chart leon and I enjoy your posts!
|
|
Bedrock of the Community
Australia
21788 Posts |
I bought my first gold coin when I was a teenager; that was more than 50 years ago.
You may say that I am a very slow accumulator of gold and silver bullion, alongside my numismatic interests.
I have seen many variations up and down of bullion prices, but the long trend in the 50 year period has always been UP!
In the 10 year medium term, the gold / silver ration may have some bearing, but in the long term, not only is the ratio entirely unpredictable in detail, it is almost totally irrelevant.
|
|
Rest in Peace
United States
17900 Posts |
Agree with Sel. Gold silver ratio lost its importance a long time ago.
|
|
Pillar of the Community
United States
4333 Posts |
Me are like Sel! Stack over the long run -
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
|
|
Pillar of the Community
United States
586 Posts |
Gold-to-Silver-Ratio has a little bounce today; but at what cost?
Silver DOWN and gold inches up.
If Gold-to-Silver-Ratio starts to drop again, just watch below for gold to test $1,050.
|
|
Pillar of the Community
United States
586 Posts |
Take a look at 30-year Gold-to-Silver-Ratio chart.  |
| |
Replies: 7 / Views: 1,535 |
|
Posted 12/22/2016 4:06 pm
