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Gold/Mining/Energy : Gold & Gold Stock Analysis
GLD 172.58+0.3%3:59 PM EST

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To: yard_man who wrote (29572)4/16/2019 10:31:13 PM
From: the longhorn  Read Replies (1) of 29599
 
Here's an update on the gold:silver ratio.

tradingview.com .

Things have readjusted a bit in silver's favor the past week. Note the decline the past few days (meaning the ratio went in silver's favor). If this continues, we could see a reset....note on the chart how that pattern played out last time.

Silver moves quickly. It appears to have retraced all of it's move up from mid-Dec already and is done going down. If that analysis makes any sense then gold has another $20 or so drop to finish that retrace. That puts it down around $1255, about where the 200 dma is now.

If the retrace goes past the dec. take off point, forget about a gold recovery for a long time, as far as I'm concerned.

Just thinking out loud a bit.
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