anyone for 6 trillion?, page-46

@robland
it was ever thus

as i keep saying, do yourselves a favour and go back and look at all the major silver bull markets

in every case Im aware of both gold and silver rip down hard initially - silver more than gold so the gold/silver ratio expands - then gold leads higher initially

then once gold breaks key upward resistances and confirms a bull market silver starts to play catch up then zips past

silver is a purely speculative metal in terms of price action - so its re-rates are parabolic both up and down - because its very fast moving big position money

thats despite its industrial demand component - which has a very low correlation to actual silver price. industrial demand has stayed almost unchanged since 2010 - but look at what usd silver price has done.

usd gold currently has a descending lower high from 1700 to 1650 - so i would think gold needs to break and hold above that resistance for a confirmation it is entering a new bull market.

once big money is convinced on that then i would expect silver to see high vigour buying

but the consolidation period for that to occur could take days, weeks or months.