Gold : Silver % Ratio
The price of gold is melting down whilst the price of silver is holding steady in comparison.
This is the reason why according to Che Chihuahua the great metals trader (ahem, cough cough):
There's the unholy drive by the bwankers to funnel all investment in to the stock market. This is being achieved in part by suppressing vehicles such as (love them or hate them) cryptos, gold and silver and by manipulating the bond market.
Most people have been expecting a spike in the silver price relative to gold to normalize the current over extended gap differential.
But the devious bwankers have a better way of achieving the same result without the need of any PM price rises.
That is why gold is going down and silver is staying static.
My lines and lines and lines point me towards $1,247 gold then up up and away.
Of course Che Chihuahua could just be barking mad...
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I still believe that gold is in a SuperCycle wave 4 and it'll go sideways until the fed can't extend and pretend anymore.
There's a delicate balance they're dealing with trying to hide the inflation all the money printing is creating. They don't want it reflected in the price of goods too much so have to let the steam off. Most of the hot air is going in to stocks and housing with the occasional squirt having to go into PM's
Bubbles are getting crazy now. Something has to give soon. I think they'll let PMs rise substantially before the 'cat out the bag' rise in goods that the person on the street will notice.
Here is a video you must see:
https://www.thesun.co.uk/news/6619405/dead-hoarder-surrounded-82-chihuahuas-aggressive-inbred/
That's crazy. 2 to 82 in 4 years. Chihuahua pie anyone?
Thanks for sending, made me laugh.