Maybe it is time to buy more SVL!, page-9

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fitsch

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12/08/19

17:39

Post #: 39966633
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Originally posted by fitsch: ↑

But what happens when traders catch onto the fact that gold and silver will rally as this "Crazy Ivan" event takes place and that silver is the true undervalued metal across the planet? At the peak of gold and silver prices near April 2011, the Gold:Silver ratio was resting near 32 (yes, you read that correctly). What would that look like on the silver chart, below, if gold continued to rally to levels above $2000? It is really simple to find out.
$2000 (gold per ounce) / 32 = $62.50 per ounce of silver
What if gold rallied a full 100% Fibonacci measured move from the previous 1999-2011 rally? That peak level would be $2700 in gold and the calculation is still simple.
$2700 (estimate gold peak) / 32 = $84.375 per ounce of silver.
Could it happen like that? Yes, in theory, and in reality it really could happen that way if gold rallies to a level that equals a full 100% Fibonacci price extension and the ratio level falls to levels near 32. If that did happen, then these calculations would be accurate.

At the moment the Gold/Silver ratio is about 89!!!!

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I hold SVL, MYL

SVL Price at posting: 14.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 14.8¢		Change 0.003(1.72%)		Mkt cap ! $276.6M

Open	High	Low	Value	Volume
14.5¢	15.0¢	14.5¢	$126.1K	859.3K

Buyers (Bids)

No.	Vol.	Price($)
48	2266156	14.5¢

Sellers (Offers)

Price($)	Vol.	No.
15.0¢	1751157	22

View Market Depth

No.	Vol.	Price($)
47	2338756	0.145
40	2835581	0.140
48	2856056	0.135
32	3044373	0.130
28	904031	0.125

Price($)	Vol.	No.
0.150	1751157	22
0.155	2284131	38
0.160	1368440	39
0.165	1050236	12
0.170	1195104	22

Last trade - 11.00am 21/07/2025 (20 minute delay)

SVL (ASX) Chart

Maybe it is time to buy more SVL!, page-9

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