Gold-Silver Ratio

By Gary Tanashian of Notes From The Rabbit Hole

NFTRH & Biiwii's Unique Market Perspectives • Jun 27, 2014 at 4:21 PM EDT

I had just done an NFTRH update using GDXJ’s 30 min. chart and the darned chart changed right in the middle of the post and I decided that it would just put too much noise on anyone not already off on what looks to be a great weekend, weather wise here in The North East at least.

I had just done an NFTRH update using GDXJ’s 30 min. chart and the darned chart changed right in the middle of the post (funny thing, those short term views) and I decided that it would just put too much noise on anyone not already off on what looks to be a great weekend, weather wise here in the North East at least. So that is scrapped.

But part of the post also included the Gold-Silver ratio, which is at an extreme over sold condition. The chart indicates that gold stocks often decline after sharp declines in the GSR. All within the normal and bullish context of an extended bottoming pattern? There’s a very good chance that’s the case. But silver is over baked vs. gold, at least in my opinion.

gsr

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