What if...
The only thing that is happening here is a historical Gold to Silver Ratio correction trade and that's it.
I have been seeing this macro Gold rising wedge for a while.
(COULD TOTALLY BE WRONG)
But what if the historical rate has been separated for far too long and Gold tops out at around $2700 and Silver brings the ratio to a 10 to 1 at around $270 and it stays there before, during and after they both hit the highs, lows, and future prices.
Gold then corrects to $800 ish while Silver heads back to around $80...
This is a great article on the history.
elements.visualcapit...atio-over-200-years/
This theory makes sense as the Gold bugs would lose their minds and trade Gold for Silver as fast as possible to stack back after the two have met their intended targets.
Who knows. Something to think about.
Time will tell the tale.
The only thing that is happening here is a historical Gold to Silver Ratio correction trade and that's it.
I have been seeing this macro Gold rising wedge for a while.
(COULD TOTALLY BE WRONG)
But what if the historical rate has been separated for far too long and Gold tops out at around $2700 and Silver brings the ratio to a 10 to 1 at around $270 and it stays there before, during and after they both hit the highs, lows, and future prices.
Gold then corrects to $800 ish while Silver heads back to around $80...
This is a great article on the history.
elements.visualcapit...atio-over-200-years/
This theory makes sense as the Gold bugs would lose their minds and trade Gold for Silver as fast as possible to stack back after the two have met their intended targets.
Who knows. Something to think about.
Time will tell the tale.
ChARTist @ Large, uncovering Mysteries In the ChARTs daily...