gold, page-273

@AverageJoe @Ophir
Posted this on the BDR thread today as Forged asked for the info, you guys might want to know also.

Here look at the ratio reduction during GFC, gold/silver ratio reduced dramatically. Therefore Silver will lead the breakout.

Over the last two weeks, the price of silver quietly began to breakout – especially in terms of gold. Today, we are seeing the beginning of an epic silver short squeeze – with silver up $0.78 or 4.8% to $17.03 per oz vs. gold only up $18.50 or 1.5% to $1,252.10 per oz! The gold/silver ratio is down today by -2.40, its largest single day decline in over 15 months!

On March 1, 2016, the gold/silver ratio peaked at a level of 83.51 that it last reached 7+ years earlier during the global financial crisis – when the gold/silver ratio reached a 13-year high of 84.11! Since March 1st, the gold/silver ratio has declined by nearly 10 points! This includes a decline of more than 8 points during the last 8 trading days alone – a stunning four standard deviations away from the mean!

On April 4th, silver settled below $15 per oz – and today it has exploded past $17 per oz, for a total 11-day gain of 13.97% vs. gold rising only 2.8% – a difference of 1,117 basis points! Silver is trading very much like it did in early 2010, right before its HUGE short squeeze that drove it from $15 to $50 per oz! Look for our Great Panther Silver (GPL) to breakout big in the weeks ahead.