SILVER EXPLOSTION !! Gold / Silver ratio
Updated
Supporting the SILVER EXPLOSION idea... here is the rising wedge on the Gold / Silver ratio chart.
Below is an example of a rising wedge from the BCH/USD chart that recently played out to give you an idea of how these can move.
Looking at the SILVER EXPLOSION chart, and using this as supporting evidence, only adds to the probability of much gains.
Below is an example of a rising wedge from the BCH/USD chart that recently played out to give you an idea of how these can move.
Looking at the SILVER EXPLOSION chart, and using this as supporting evidence, only adds to the probability of much gains.
Note
typo... smhNote
here is the update posted on the original SILVER EXPLOSION idea*********************************************************************
Hello! I hope you are enjoying the SILVER EXPLOSION!
up 110% since the last comment
As I said on March 16, when SLV was at $12.00, "Pay attention!! When this reverses, it is go time."
3 days later came the reversal, and silver has been on a rocket since.
ALSO, as stated in that last update, I said "The gold/silver ratio is at blow off top levels!"
At the update it was at 117 (topped 3 days later at 129) and now sits at 75 !
I am posting now because at this point, I am scaling back my leverage plays. I played this move with call options, and an taking some profits here to buy physical silver and also have some fiat to re-enter call options on a possible pullback.
I remain very bullish long term.
(as I named this idea "Silver Explosion", I must acknowledge the recent explosion in Beirut, I will offer a few rosaries for those souls affected.)
JMJ - UIOGD
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