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Thread: That gold-silver ratio will widen even more warns analyst

  1. #1

    Default That gold-silver ratio will widen even more warns analyst

    Gold and silver will both eventually move much higher, but in the short-term, metals will follow their trajectory, meaning gold will move higher and silver will lag, this according to Todd “Bubba” Horwitz of BubbaTrading.com.
    “Right now, silver is in a short-term downtrend…both gold and silver spiked to highs and since then, they’ve both come down. The difference is gold found some support around $1,560 April futures but is holding, and silver is continuing that downward trajectory,” Horwitz told Kitco News.




  2. #2
    Join Date
    Apr 2020
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    Nobody can predict the future. In the recent past, gold prices hit a record high of $55.91 per gram to $559100 per 10-kilo gold bar. During the uncertainty due to the Coronavirus outbreak, Silver is acting more like precious metal. Sudden hit on businesses, forced silver to act as a safe metal. In recent times, silver prices are following an upward trajectory when compared to gold prices. Silver prices will see a further upward trend in the future if this situation continues.

  3. #3

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    Silver is ...fer shure..... in a "weight consideration" mode.

    Moving silver is a major chore.

  4. #4

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    I wanna go noodling for catfish with ......BUBBA............ horwitz.

  5. #5

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    It looks like the Gold to Silver ratio peaked at the end of February, 2020.

    Kitco, Gold to Silver Ratios

    But he was right that it would go higher in the long term.

    Last edited by WhatsUpDoc1958; 07-22-2020 at 02:09 PM.
    Legal Disclaimer: I am not a doctor, nor do I play one on TV.

    "It's tough to make predictions, especially about the future." -- Yogi Berra
    A variant of this has also been attributed to physicist Niels Bohr, and others.

    "Tis against some men’s principle to pay interest, and seems against others’ interest to pay the principal." -- Benjamin Franklin

    The School of Hard Knocks is where you get the lesson after you fail the test.

    Book title: "The Best Way to Rob a Bank Is to Own One"

  6. #6

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    getting ready for the 60's!

  7. #7
    Join Date
    Jun 2020
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    Nearly 40% in about exactly 6 months . Not bad, Currency worshipers must be upset ....
    I'd estimate nearly a 25% improvement on that GSR (To Ag's advantage) in that same time span.

  8. #8

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    I'm in the 12:1 camp...

  9. #9
    Join Date
    Aug 2020
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    weighed down by a stronger U.S. dollar and as hopes for
    coronavirus treatments lifted risk sentiment.

    * Spot gold was down 0.2% to $1,929.25 per ounce by
    0036 GMT.
    * U.S. gold futures eased 0.2% to $1,934.10.
    * The dollar index held firm near a more than
    one-week high hit last week, making gold more expensive for
    holders of other currencies.
    * Asia's stock markets opened higher following a Wall Street
    rally driven by coronavirus vaccine hopes.
    * The U.S. Food and Drug Administration authorised the use
    of blood plasma from recovered COVID-19 patients as a treatment
    option.
    * However, the World Health Organization was cautious about
    endorsing the use of recovered COVID-19 patients' plasma to
    treat those who are ill, saying evidence that it works remains
    "low quality."
    * Investors now await U.S. Federal Reserve Chairman Jerome
    Powell's speech at Jackson Hole on Thursday for clarity on the
    direction of U.S. monetary policy.
    * The Fed has rolled out a wave of fiscal and monetary
    stimulus measures and cut interest rates to near zero to
    mitigate the economic damage caused by the pandemic, helping
    gold rise 28% so far this year.
    * More than 23.57 million people have been reported to be
    infected by the novel coronavirus globally and 809,569​ have
    died, according to a Reuters tally.
    * Meanwhile, U.S. Trade Representative Robert Lighthizer and
    Treasury Secretary Steven Mnuchin spoke with Chinese Vice
    Premier Liu He on Monday, the U.S. Trade Representative's Office
    said.
    * Silver gained 0.3% to $26.62 per ounce, platinum
    rose 0.8% to $923.10, and palladium climbed 1% to
    $2,182.59.

  10. #10

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    Anyone else closely watching to see how the GSR is heading? All of this Reddit/WallStreetBets "action" that's affecting the market has dropped the GSR from about 68 1/2 to currently about 65, which is much different than the highs of last year. Wasn't it about 125 or so (if I recall correctly)? It certainly remains to be seen whether or not this upward price movement will be sustained, but I do seem to remember a fair amount of people seeking a ratio of 50 or 60 to unload/trade AG for gold or platinum. Personally I'd like to wait for a better ratio than that, but who knows when that will happen? As is generally maintained here, patience is key.

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