Gold - Silver Ratio

in #steemsilvergold5 years ago (edited)

The GSR is once again approaching the multi-decade ATH around 86-87. The next few days & weeks will be interesting to watch and see what happens. The fact we are at these nosebleed levels is a function of leverage on the COMEX and IMHO are clearly unsustainable. We are already seeing crazy moves in Palladium and Rhodium, I think this is just foreshadowing of what is to come long term in the much larger Gold and Silver markets. If we don't break out higher soon, I think we are in for a breakdown below 80 by mid-summer. But silver has been held below $20 for far longer than I would have imagined 5 or 6 years ago, so what do I know? Apparently not much.

psjoln7yxg.png

@matthewwarn

To invest in Mene24k Gold Jewerly click Here
To open your own BitShares account, click Here
To open your own Binance account, click Here
To open your own Coinbase account, click Here

2VZXybTSZJq1AreaDn1D7Jp7ZEvgLC9TvJctofX1ChMgSZjyDbKmTr8HmhDNqcCxXeCW4oXubEcS3qtqNDF28wHpSs6gVv1yP5jqCaAx8itg3KBRyCdTPWiyeR929ZQGGEZ8mWsstdhvAAxEUTabVPmpMMx.jpeg

Sort:  

Like boots or hearts, when they start
They really fall apart!

You are wiser beyond your years @thedamus :-)

Bah... they’re lyrics from a Tragically Hip song
😜👍

The Master of Puppets are still controlling the strings ..... for now anyway

They've held it together longer than we expected.

Thanks for using eSteem!
Your post has been voted as a part of eSteem encouragement program. Keep up the good work! Install Android, iOS Mobile app or Windows, Mac, Linux Surfer app, if you haven't already!
Learn more: https://esteem.app
Join our discord: https://discord.gg/8eHupPq

Coin Marketplace

STEEM 0.35
TRX 0.12
JST 0.040
BTC 70601.11
ETH 3576.21
USDT 1.00
SBD 4.78