Gold to Silver ratio looks to have ended cycle from 7/4/2016 low (64.38) and should turn lower at least in 3 waves to correct cycle from 7/4/2016 low. The video below explains what the expected turn lower in the ratio means to Gold and Silver:Video Player
Overlay of Gold-to-Silver ratio chart together with Gold (XAUUSD) and Silver (XAGUSD) chart above shows an inverse correlation. When the ratio fell down such as in the period between 10.2008 â€“ 4.2011, both Gold and Silver price rallied. Conversely, when the ratio rallied like in the period between 4.2011 â€“ 2.2016, both Gold and Silver price fell down. A case can be made that we could see the ratio falls again after breaking below the ascending channel, and this should support both Gold and Silver in coming months.
Gold-to-Silver ratio is correcting cycle from 2/29/2016 peak (83.68) and looks to have ended with wave (X) at 79.257. While bounces stay below there, expect the ratio to move lower to at least correct cycle from 2/29/2016 low in larger 3 waves if not resuming the decline from 2/29/2016 peak. Expect both Gold and Silver to be supported in coming months when the ratio finally turns lower.
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