Hi Dab, Ki/t.co has Silver/Gold now at 69.29. I believe it's...

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dub

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01/09/20

15:00

Post #: 46991898
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Originally posted by dabozza: ↑

Silver may be in its second big leg up? No surprises, this was kicked off by the US Fed Reserve's announcement last week saying essentially they are just going to keep printing money even if inflation goes up >2%.

I noticed the Vix (a.k.a. fear index) has been bubbling up since late last week. On intra-day trade it has gone ballistic some days being 10% up before finishing 2/3% up.. last night, another +5% with a peak of 8% or thereabouts. While I am not sure of the direct correlation with Vixy and Silver, I think that it plays into sentiment - fear index drives precious metals, and we have seen Silver and Gold bouncing up.

Two other things I am really watching at the moment. Gold:Silver ratio is closing due to Silver's out-performance, but still the ratio has a way to go (from 100+:1 to around 80:1 now, and a long term average of 60:1 but can drop as low as 25-40:1). In terms of timing, the length of the rally so far has been quite short so far, and if history repeats, then we're talking another 6, 12 maybe 18 months of rallies with some breaks.

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Hi Dab,

Ki/t.co has Silver/Gold now at 69.29. I believe it's been several years since it was < 70/1.

dub
(a happy little bug.)
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Hi Dab, Ki/t.co has Silver/Gold now at 69.29. I believe it's...

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