Over the past 20-years when the ratio was hitting a certain level, Silver rallied at least 20% each time.
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The trend is in the ratio has been lower since it hit the top of 30-year trading range back in 2011, suggesting that “buy and holding metals” was not the best of ideas.
Joe Friday Just The Facts Ma’am– Each time the ratio has hit support line (1) over the past 20-years, Silver has rallied at least 20%.
To be long and strong metals, this support line needs to hold and a breakout needs to take place at (3)! Historically if support doesn’t hold, Silver doesn’t rally 20%….very important what the ratio does here friends!!!
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