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GOLDSILVER

$40 Silver in Sight? BofA Says Yes The Gold-Silver Ratio (XAU/XAG) measures how many ounces of silver are needed to purchase one ounce of gold, providing a clear example of the relative performance of each metal. Bank of America (BofA) has argued there could be an opportunity to short gold against silver at its current ratio of 83.50, targeting a move down to 78.50 or 75.00, with an upside stop at 87.50. A decline in the ratio can occur either if silver rises faster than gold or if gold falls more sharply than silver. BofA’s 2024 gold price targets of $2,368, $2,538, and $2,643 have already been hit, with the next target set around $2,733. However, the bank advises caution on gold, instead hinting traders could focus on silver, which is nearing eleven-year highs. According to the bank, the ratio recently formed a double top, signaling a bullish outlook for silver. Silver’s potential upside targets range between $36.02 and $40.
OANDA:XAUXAG
by BlackBull_Markets
GOLD is going to start getting much cheaper in SILVER terms.Gold has been on an absolute tear lately as the de facto U.S. corporate government has been printing and spending FRNs (Federal Reserve Notes) into oblivion. As a result, real money is gaining value against the Federal Reserve's monopoly money. Naturally, those who saw the money devaluation coming have been buying gold to preserve their purchasing power, but silver has been lagging behind, even though it has also been appreciating. Although the price of precious metals is, and will continue to be, on the rise, the price of gold is about to get much cheaper in terms of silver. Instead of buying gold, I believe the best move right now is to buy silver, hold it, and once the exchange rate drops to the 35/45 to 1 area, then exchange your silver for gold. I believe that in the next year to a year and a half, we will see the price of gold cut in half in silver terms, which means it will take half the silver to buy the same amount of gold, effectively doubling the purchasing power of silver versus gold. Good luck!
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by MetaShackle
5
GOLDSILVER RATIO, Moving In Downtrend-Channel, More To Come! Hello, Traders Investors And Community, welcome to this analysis about the gold-silver ratio, its current price-action, and what we can expect the next time. In my observation, I found some significantly sings in the chart which will affect the ratio fundamentally farther the next days and weeks. The goldsilver ratio is an important ratio to track the number of silver ounces compared to one ounce gold, therefore, it is providing important information about the value between silver and gold. I made already the analysis of gold and silver, if you didn't saw these already I recommend to you that you go to my account and have looked to have a full-depth-overview of the analysis in the gold-silver ratio and its interrelation to gold and silver. When looking at my chart you can see that the ratio is trading in a huge and fundamental downtrend-channel which you see marked in blue. We already touched the channel lower and upper boundary several times to form the overall downtrend-related channel. At the moment the ratio fell down from an important support-point at the 109 level, you can see this big red candle to the downside with high volatility it is suggesting that the ratio is turning to the downside here and that we will continue in the downtrend-channel until important support has reached. The next time we can expect a bounce back to the 109 support/resistance level where the likelihood increases that the downtrend continues when the huge heavy bearish-confluence-cluster zone you can see in my chart is confirmed. We have several resistances there which building the logical resistance-level, first it is the 50-EMA which you see marked in blue, second, it is the 109 support/resistance level and third, it is the upper boundary of the falling downtrend-channel, therefore, I don't expect a breakout of the channel here so far and the rise to the downside will continue. In this situation it has to keep in mind that the worth fullness of silver compared to gold rises, this is insightful because at the moment we see more volatility to the upside and sharp rises in silver than in gold, it also means that the value of silver can increase higher and gold gets cheaper compared to silver which is an indication for the bullishness I mentioned already in the silver-analysis. Investors and traders can take advantage of it when the ratio drops more to buy silver instead of gold or to exchange the gold for silver for a later exchange back when the ratio increases again. This should be a good opportunity to make a profit out of the situation with gold and silver. Alright, this should give you a good overview, thanks to everybody for watching, support for more market insight, and all the best! The ambition to transform opportunity into gold remains the most significant tool for a trader. In this manner: FAREWELL Information provided is only educational and should not be used to take action in the markets.
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by VincePrince
6
Silver Boom - $GOLD & $SILVERI'm long term bullish on both gold and silver. With rates rising in the short term, ehh idk, but that's not the purpose of this post and real interest rates are still largely negative. Disregarding the spike in the gold/silver ratio in 2020, the gold to silver ratio is at all time highs. Silver has proven in the past to be a potentially better hedge against inflation over gold, although both are good. Silver has legitimiate real world applications as well. Considering the state of the world and US conditions, I love gold and silver in the medium and long term as a way to hedge against major instability. Good luck people, protect yourself with some real money in Gold/Silver at least some.... - C
GLong
by Midnight_Trades
Gold Diamant Symmetric triangle 4HGOLD on the weekly chart.. A mega cup that originated from 2012 where when the rim of the cup was made the course had broken out immediately. This movement ensured that a high maar-shaped pennant formation was arranged and can / may be seen as the handle of the cup. The return after the breakout is an ideal 1/3, measured from the bottom of the cup to the highest point. The pennant breakout happened recently and gave the opportunity to take long positions or to increase the position. However, there may still be a good entry point if the pennant's resistance line is going to be tested again. On the day and 4 hour chart, therefore, a Fibonacci retracement has been drawn in the latest uptrend and the comeback falls towards the golden pocket zone as on the support previous resistance line of the pennant. Other agreements/formations in the pennant. I notice that in the formation there is still a nice W pattern in development, the left one has a V formation (Adam) and the designed one is a bit rounder (Eve) and shows a 3 double bullish bottom on the day (why a triple bottom and not a head and shoulder pattern, for me it lies in the fact that the right shoulder is larger). All of this coincides with the fact that when placed the fibonacci retracement returns to the well-known gold pocket fib. 0618 ~ 0.65 is also the neckline of the W pattern. So in order to continue Bullish, it is in my view that this red line will become and preferably also be tested in order to continue. I expect some resistance there too. If we look at the price target ... both the cup n handle and the pennant with pole are about in the same line of expectation. Another fun fact is that recently November 17th there was a golden cross on the day* chart i.e. the 50 day (exp) moving average* crosses the 200 day (exp) moving average* this more or less indicates that the long-term trend is upward. on the day on the 4 hours zoomed in on last month as described above it would be nice to do another re-test on the pennant support-formerly resistance line. I am not yet a star in the Diamond patterns (trend reversal pattern) but I think this could be/become one. hence also the symmetrical triangle drawn in on the wicks. I'm curious how the price will develop. don't expect such a price increase in the short term.. if I take a "rough" look, a cup has also formed from '97 to '03 and the price target has taken 3 years. once again, it was roughly looked. Keep calm, trade safe and manage your risk. (Disclaimer: this is not a financial advice
TVC:GOLD
by Tims.Technische.Analyse.
Gold PENNANT GOLD on the weekly chart.. A mega cup that originated from 2012 where when the rim of the cup was made the course had broken out immediately. This movement ensured that a high maar-shaped pennant formation was arranged and can / may be seen as the handle of the cup. The return after the breakout is an ideal 1/3, measured from the bottom of the cup to the highest point. The pennant breakout happened recently and gave the opportunity to take long positions or to increase the position. However, there may still be a good entry point if the pennant's resistance line is going to be tested again. On the day and 4 hour chart, therefore, a Fibonacci retracement has been drawn in the latest uptrend and the comeback falls towards the golden pocket zone as on the support previous resistance line of the pennant. Other agreements/formations in the pennant. I notice that in the formation there is still a nice W pattern in development, the left one has a V formation (Adam) and the designed one is a bit rounder (Eve) and shows a 3 double bullish bottom on the day (why a triple bottom and not a head and shoulder pattern, for me it lies in the fact that the right shoulder is larger). All of this coincides with the fact that when placed the fibonacci retracement returns to the well-known gold pocket fib. 0618 ~ 0.65 is also the neckline of the W pattern. So in order to continue Bullish, it is in my view that this red line will become and preferably also be tested in order to continue. I expect some resistance there too. If we look at the price target ... both the cup n handle and the pennant with pole are about in the same line of expectation. Another fun fact is that recently November 17th there was a golden cross on the day* chart i.e. the 50 day (exp) moving average* crosses the 200 day (exp) moving average* this more or less indicates that the long-term trend is upward. on the day on the 4 hours zoomed in on last month as described above it would be nice to do another re-test on the pennant support-formerly resistance line. I am not yet a star in the Diamond patterns (trend reversal pattern) but I think this could be/become one. hence also the symmetrical triangle drawn in on the wicks. I'm curious how the price will develop. don't expect such a price increase in the short term.. if I take a "rough" look, a cup has also formed from '97 to '03 and the price target has taken 3 years. once again, it was roughly looked. Keep calm, trade safe and manage your risk. (Disclaimer: this is not a financial advice
TVC:GOLD
by Tims.Technische.Analyse.
$gold - $silver ratio BT waistline of yuge megaphone, down!Huge make a phone there with gold silver ratio currently back testing it’s waist line which is also the waistline of a channel that is evident on the six monthly candles If you go to my Twitter then you can see the zoom in the spot where it shows a wedge at that area last in the last several months that is likely to be a very bearish continuation Dxy Is added as a factor to adjust for currency fluctuationsWe typically cleans up the signal on relevant assets
COMEX:GC1!
by UnknownUnicorn13172879
5
Technical analysis update: XAUUSD (9th September 2021)In recent days XAUUSD dropped below 1800 USD towards it short term support around 1785 USD. Since then it rebounded little bit and it currently trades around 1795 USD. In the big picture we are still very bullish on gold. Especially in medium-term and long-term. Although, XAUUSD failed to break above its short-term resistance and travel through its confirmation area we detailed in our previous thoughts. We are closely watching upper bound of the downward moving channel. We think this upper bound currently acts as strong support and if it is broken then more selling pressure is likely to occur. However, gold seems as its trend is further weakening and becoming neutral. We are getting strong notion that gold will remain stuck trading between 1750 USD and 1840 USD for indefinite amount of time. Despite that we remain bullish and exepct eventual breakout to the upside from this area. Because of that our short term price target remains 1850 USD while our medium term price target remains 1875 USD. Technical analysis Stochastic is bearish. MACD is in the bullish territory. However, it stages reversal and needs to be closely observed over the next few days. Crossover by MACD below 0 points would be bearish for gold in the short term. RSI is flattening, however, its short term structure remains bullish. ADX is very low suggesting neutral trend and sideways moving price action. Closest supports sit around 1785 USD and 1750 USD respectively. Major support sits at 1677.686 USD. Strong resistance appears around 1835 USD while another important resistance sits around 1916 USD. Overall technicals are mixed. As we mentioned previously we are getting strong notion that gold will trade sideways for while before finally new trend commences. Our previous thought from 3rd September 2021: Disclaimer: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
OANDA:XAUUSDLong
by Tradersweekly
6
Short-term bounce on DXYThanks for viewing. Following because of USD holdings and USD denominated assets - including assets negatively correlated to the USD - like gold. USD held as a hedge against weaker local currency and against gold positions. Whatever your personal belief on Elliot Wave, I am not imagining a very clear 5 waves down (labelled (i) to (v), since the march 2020 high. There are 5 sub-waves evident in each of the three down portions and none of the EW guidelines, tendencies, retracements, extensions, or rules are broken for an impulse move (i.e. wave 2 tends to be deeper and reached a 50% retracement, wave 4 is normally a shallower more correction and hit the 0.382 retracement level almost exactly). Long story short, this an impulse move that meets all normal characteristics, so I am charting out what that could mean for price if it continues to follow stereotypical EW tendencies - a 3 wave correction. Overall, I see the relative valuation of the USD vs the DXY currency basket as heading downwards as in my, possibly overly pessimistic view, the USD loses both it's safe-haven and global reserve status. However, my bearish view is primarily based on the chart. I will post a longer-term chart next. Remember all fiat currencies are losing value over time, some are just losing value more quickly. I hope everyone who hasn't already considered a physical precious metals position (no not a gold or silver ETF position Millenials) will do so, even just as a hedge. Some major hedge funds have positions sizes of around 10% of assets in gold - maybe they know a thing or two. Actually, I will permit myself a digression here. You cannot ask for physical delivery from a precious metals ETF unless you have a significant position and I would think that in the event of a bullion / monetary crisis that option may no longer be available. So any gains are just paper gains. The Custodian of the world's largest gold ETF was in the news last week as one of the major banks involved in the suspicious activity report (SAR) scandal (while they were already on probation for previous wrong-doing) - which I expect to result in major litigation and fines. But wait, that is not all! They just popped up in my news feed again today as an alleged facilitator of transactions between Huawei and US sanctioned Iran. Wow, they seem like a really safe, super ethically sound bunch to hold gold on my behalf :P Imagine if they are being similarly ethically sound and forthcoming about the level of their physical gold holdings versus their issued gold ETF shares - well if it was ever discovered that these two things were divergent, not only would gold ETF holders miss out on the massive price appreciation of physical gold that results, but you may also not be able to withdraw ETF funds. Ok, rant over. But seriously, if you do buy gold or silver to hedge against currency deflation / coming inflation, consider secure, reputable, insured non-bank vaults that give you images of your allocated holdings that is in a safe, politically stable, bullion friendly jurisdiction - like bullionstar.com and not a bullion ETF. Ok, I feel better now. Another really good reason I am following the DXY as strengthening of the USD will mean a pull-back and possible good buy zone for precious metals - which I see as going higher after correcting recently for no good fundamental reason. A bounce in the USD is allowing me to load up on silver which is again worth more than 80:1 (by weight) vs gold. I hope all that made sense. Protect those funds and good luck.
TVC:DXY
by flyinkiwi10
GOLD SUPPORT?Thanks for viewing, Short-term short view (not shorting), then long again. I can't see a very good reason for a gold correction other than; - Everything needs to correct - it's never a straight-line move, - It is possible that big banks (possibly even the Custodians for major gold ETFs) are being forced to sell-off reserve assets to cover losses or to put aside as contingencies for what look like to be a future MAJOR banking investigation and likely hefty fines, - The drop will get deeper due to short-term traders using excessive leverage (massive inflow in 2020 of inexperienced traders won't help). But, its not like US government debt, the US Federal Reserve balance sheet, massive money printing, global move away from the USD, or 10 year treasury yields (0.68%) suddenly got any better - so I see no reason for me or anyone else to sell physical gold. This is just a gift to people with the ability to add to their positions really. Yes big institutions and traders will do their thing buying and selling paper gold, but you and me can buy and hold - which negates many of the advantages that major trading houses and hedge funds have over the "small guy." But, even the small players want to know where the price drops are likely to end, so that they can add to their positions. BTFD and all that. So this is where I am targeting for my next buy, like always I don't know if I am right. So I got out my magic number 8 ball and gave it a shake. My TA is just about looking for areas that "line up", areas that people using various methods of determining support and resistance will target. The more that line up the better. So I looked at the 200MA (and extended it with great artistic skill and flair, RSI - which on the daily time-frame is right on the 30 level, support from previous recent price peaks, Fibonacci extensions - assuming a 1:1 extension of wave C, Fibonacci retracement, and I ended up with the blue box. The smaller sliver blue box between 1800 - 1807 is what I am thinking as both the 1;1 extension and a 1.618 extension of what may be the start of wave C down. I will buy here and buy again if it goes lower. Now that the gold/silver ratio is above 80 again, I will also be adding to silver positions in the expectation that silver will again out-perform gold when / if the bull market continues. If the $1800 doesn't hold then watch the 200MA / 0.5 Fib retracement and the recent price peaks to form the next area of strong support in the mid to high $1700s. I see USD2200 as a low estimate for gold by the end of 2020. If you hold positions in bullion ETFs, seriously consider moving to using non-bank bullion vaults (like Bullionstar in Singapore www.bullionstar.com) with secure allocated, low cost, storage. ETFs take what is essentially a riskless asset and add in layers of counter-party risk (Trustees, Custodians, and many Sub-Custodians (that the Custodian does not have the right to audit)). Expect more news of issues with the paper markets and also with the Custodian for the SPDR Gold Trust GLD in 2020.
TVC:GOLDLong
by flyinkiwi10
1