Loading ...Silver could reach 300
This chart hard for me to read on a phone. It would get close with the 15 percent ratio but then silver is more in demand and will continue to be so unless someone finds a 100 years mother load supply the price will continue to rise with the demand for generations to come.
Gold would have to be 48,000
Does anyone remember this Jim. A gold trader from the beginning. He has a 5 minute story of when he was trading gold back in 1970s riding it up to the top in 1980. Click on the video on X.
https://x.com/LukeGromen/status/1979554159390294384
Captain
….and the XAU/Gold closed Friday just under 7.0!!
Captain Hook
That’s what I was thinking too. Not just that but the growing demand for silver which is not elastic is much more than in the past and now for AI too which is also growing along with energy needs.
Instead of leaving it up in the air going with the current levels rounded, 4111 US at 32.1 it should be 128. But with growing demand there’s the chance it could hit the lower ratio of 1980 and double that.
But then we have Sinclair’s gold numbers too.
The Silver Math: What The Experts Are Not Focused On & Why 84:1 Means The Silver Run Is Just Getting Started
While others debate chart patterns and momentum indicators, the most reliable metric in precious metals history is screaming that silver’s explosive rally is just the warm-up act.
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H/T CHART BY CRESCAT CAPITAL
Silver has never been viewed as overvalued with the gold-to-silver ratio still sitting at 84:1.
At its two previous bull market highs in 1980 and 2011, the ratio dropped to lows of about 15:1 and 32:1 respectively. It was previously set at 15:1 in 1972. So that range of 15:1 to 32:1 represents silver getting overvalued relative to gold.
Currently sitting near 84:1, silver has never been viewed as overvalued at this level.
The math is simple and the message is clear: silver has a long way to go in this bull cycle still.
The Ratio That Never Lies
The gold-to-silver ratio is the most honest indicator in precious metals markets. Unlike price charts that can be manipulated by paper derivatives or technical indicators that can give false signals, the ratio simply tells you how many ounces of silver it takes to buy one ounce of gold. It’s pure math, and mathematics doesn’t lie.
At 84:1, the current ratio is telling us that silver remains historically cheap relative to gold. This isn’t a matter of opinion or interpretation; it’s objective mathematical reality.
When silver was truly overvalued in previous bull markets, the ratio compressed to levels between 15:1 and 32:1. We’re not even close to those levels, which means silver’s explosive rally from just below $20 to just over $50, and the current settling in around $48, is only the beginning of a much larger move yet to come.
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The top chart makes this crystal clear. Every time the ratio has been at or above the current 84:1, silver has been historically undervalued. Every time it’s dropped below 30:1, silver has been overvalued.
We’re currently in the “silver historically undervalued” zone, which means the recent surge past $50 isn’t the end of the story; it’s the opening chapter.
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No trust left here
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Alternative viewpoints
I am a mega long time lurker from the days of Seattle Sun and Gold Balloon and I very infrequently post following the old addage of it is better to be thought a fool than open my mouth and remove all doubt. I value independent thought and the conclusions it leads to.Jesse Livermore is one of my guideposts. “Be right Sit tight” I have always enjoyed the thought provoking posts that Silverngold has contributed to this forum and I hope to have the enjoyment of contemplating his posts soon!
Speaks for itself
Wall Street Apes
@WallStreetApes
New York must not vote Zohran Mamdani
Islam is not compatible with western civilization
Muslim leader “ You rape a girl and you murder her. Is this not injustice to the girl who was raped and murdered? And I would say no. Because both the person who raped is undergoing a test in this world, the person who was raped also is undergoing a test. And let me explain to you that Allah has given guidelines to the woman that they should dress up modestly, they should cover the complete body, except those parts we can see, that is the face.
If after giving all these guidance, that girl doesn’t dress up modestly, she is dressed up immorally, which people get excited and the rape is done, who’s to blame? Is the girl to blame.”
Maddog good charts
Depressing to see but it is leaving a trail of evidence on how it’s being manipulated. With China buying around the comex and the need for silver is ever growing it’s gonna come back on them as being the blame they can accumulate it so cheap elsewhere as well not connected to the comex by keeping the comex prices down amongst all the rare earths they already have that will affect our economy because of their currency manipulation games.
Top so far not as serious as 80 and 2011
compare the 3 silver tops in first 2 weeks of 1980 and 2011 silver dropped 17 dollars or more we have dropped less than half those two…..the next few weeks will tell a lot…but this action so far points to the start of a correction only in the ongoing bull…..
FYI
Our friend silverngold is going to be taking 30 days off from goldtentoasis.
Barrick going full copper?
Newmont said to eye deal for Barrick’s prized Nevada assets
Newmont Corp. (NYSE: NEM) is studying a potential deal to gain control of Canadian rival Barrick Mining’s (TSE: ABX) prized Nevada gold assets, people with knowledge of the matter said.
Denver-based Newmont has a minority stake in a Nevada gold mining joint venture with Barrick, which is operated and majority owned by Barrick. Newmont is in the early stages of considering various transaction structures that would allow it to gain full ownership of the assets, the people said, asking not to be identified because the information is private.
Buygold
Gotta say on every TA metric we were seriously overbought, way beyond both the 80’s Hi and the 2011 Hi, so some kind of pull back, hesitation was in order….Adens are saying no worries, ride it out, scale down buy if u want more etc…..
We get the all clear when we take out the 4381 Hi…until then we have to wait a bit…..
As for yr Dems I guess they have to start a civil war, or so many at the top will get fingered for many of their past sins, of which the charge sheet goes out the door and around the block a good few times….which sounds bad, but Trump has to clean house, or they will be back and jail him and all his people for absolute certain, they may mot be able to run the country, but they sure know how to run a criminal party.
Yes Ford may have decided the GoP is in for a while, they also have to dump EV’s to survive…no-one wants ’em.
Another reason
the metals are in “lockdown” mode is because we only have 1 more full week in the month, and the scum are licking their chops to mark G&S as low as they can for the end of the month….
Maddog
Ha! Yep. Everything is great except pm world. First week of pause in a couple months, but it was a big pause – especially for the shares.
I find it funny that the SM rallied so hard on the inflation = rate cut news. I’m also wondering why we got inflation numbers but haven’t got any other numbers since the gov’t. closed, must be a different dept.
The gov’t shutdown is going to get real serious in about 10 days when people stop getting their SNAP and EBT cards for food. 42 million people depend on those. Probably 80% of them are in blue cities. I wonder if the Democrats are dumb enough to let it continue although they might do it intentionally knowing full well that those hungry people will burn down the cities. Add to that their plan to put ICE tracking software on their website to help illegals escape and it seems like they want civil war. That’s a red line that can’t be crossed. Any politician encouraging it should be arrested. Serious business.
They are losing their power and they know it.
If Ford is now betting on gasoline vehicles, it tells me they expect the electric vehicle experiment to end and Republicans to remain in office for quite some time.
After listening to the 5 minute Reese Report below, this 19 minute video may REALLY surprise you…or maybe not!
This has absolutely ‘eff all to do with the Gold mkt …I have told you top stop [posting yr paranoid crap and you won’t so now you will be banned.
The Reese Report: Masonic Mormons and American Zionism…Under 5 minutes and loaded with knowledge you need.
And PLEASE let the last few words soak in. They fit nicely into the latest discussions here on the Oasis! Once you see it you can’t un-see it! It’s all beginning to fit!
see above . I’m reposting the URL for this short video since it has much to do with Charlie Kirk “Assassination”. Please let me know if you can see it.