Wednesday February 20, 2019
Silver recently reached an extreme low value relative to Gold. It is now beginning to reverse that extreme.
Short Term
Price shows a U Shaped Bowl type bottom note the parabola. Taking out resistance at .0124 will be significant. Notice the big move up today.
Silver is reversing its long down trend.
All the MAs have turned up and price is above the 200 day MA.
the ratio has only been lower than this one time in the last 20 years, 2009 at the dead low of the recession.This is the rare opportunity of the last twenty years to get long silver at the dead low against gold.
Gold Silver Ratio confirms mirror image
Note the head and shoulders pattern with a break down neckline at 81. 1/81 is sure enough, .0124 shown as resistance in the first chart.
You know that guy on cable tv that has been saying if he only had one investment but has been wrong for the last few years, it would be silver
well he is finally right.
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