A Statman report: The "SILVER-GOLD RATIO" and why silver may be "THE BUY".

Good morning Steemian Friends. I have recently been asked my opinion on TGSR (the silver gold ratio), currently about 76.5. That is, gold at 1298 per oz. is trading at about 76.5 times the price of silver currently 16.78.

I have always felt in a fairly strong market silver catches up. It is easily the more volatile commodity, spectacular on the upside and more "gut wrenching" on the downside. There are reasons for this.

Make no mistake we are very bullish on gold, silver and other commodities both short and long term. I want to refer to the 40 year mining and metals expert Michael Ballanger and the two charts below.

TGSR has just started to move from about the high of 80 to its now 76.5. Of late silver is acting a bit stronger than gold.

Ballanger expects TGSR to be about 65 by the end of this year! I am happy to say I have been forecasting 1400-1450 gold by the end of this year and approx. 21.00 silver. Do the math. Yes I know, you've been hearing this for a few frustrating years. Remember JP Morgan has been feverishly loading up on silver in the past year to the tune of 140,000,000 ounces. This is most significant.

See the copper-silver correlation chart below. Silver should, and appears to be gaining momentum. Copper has been very strong of late. And the last chart below show again why it is now "accumulate commodities, exit equity time".

We are now in inflationary times, The tariff situation is bullish for the metals. The dollar will roll over and descend as it is the desire of the Trump administration to win a trade war. We MUST have a weak dollar. China has a huge say in their "holding" our "paper". they have downgraded our debt to BBB+. That sends rates higher. A conflict? Higher rates-lower dollar? You've seen nothing yet. Oh yes, stay tuned to an Italian financial crisis and its effects.

Thanks for your support!! UPVOTE/FOLLOW/RESTEEM.