This post actually furthers a response to a colleague who wondered why I look at silver so closely instead of just industrial metals vs. gold. The answer I’ll note here (a little more wise-assedly than in my emailed response to this well researched, hard working manager for whom I have much respect) is no reason really, unless you want to get a look into the … Continue reading Why Use the Silver/Gold Ratio?
A simple chart showing the silver-gold ratio (2nd panel) at the limit point it has reached during previous pullbacks. This fits well with HUI in the top panel as it drifts toward the SMA 50, which we have been noting is an important area to hold in keeping the trend up in the short-term. Back on the silver-gold ratio, MACD looks just like it did … Continue reading NFTRH; HUI and the Silver-Gold Ratio: Parameters Are Clear
Folks, it may be the simplest update I’ve ever sent. The Silver-Gold ratio is one of our gauges of a would-be inflationary environment to come (beneficial to commodities and other assets as noted so often previously). Today the Silver-Gold ratio is making another move in the positive direction, with a big spike in relative volume by SLV/GLD.
Thing 1 happened in May. There is another similar Thing that happened before that, in March. Now Thing 2 is trying to happen today on FOMC day. If this reversal holds and Thing 2 follows the course of Thing 1 and Thing no name, everyone should have been ready for it. All the warnings were in place heading into wild and wacky FOMC week. And … Continue reading What Thing Looks Like the Other?
If silver out performs gold, the entire precious metals sector stands a chance to rise with the silver-gold ratio. This is not a comment on an important bottom being in place, because I’d rather see HUI make the low 300’s and this ratio come to the lower support line, which coincides with the downtrend channel bottom. But a rise in the ratio to the top … Continue reading NFTRH Interim Update 3.5.13, Silver Gold Ratio and its Implications
