Silver Dropping Like A Stone While Gold Holds Steady
Silver Dropping Like A Stone While Gold Holds Steady by Rory – The Daily Coin
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Louis Cammarosano, smaulgld, sent me the chart below showing a 2 point rise in the Gold/Silver Ratio – just this morning. I don’t watch the charts as closely as I once did because there hasn’t been anything to see, with a few exceptions, for the past several years. The charts this morning has my attention, as the waterfall drop in silver is very, very dramatic. What caused silver to fall off a cliff, while gold has hardly moved down?
We ask just two days ago if the cartel would allow the rise in silver to stand and I guess we now have our answer.
Here is the chart sent to me earlier that altered me to all this.
Will we ever see the GSR back down in the range of 30/1 or lower? The current mining ratio is 9.5 to 1 silver to gold – meaning we are mining 9.5 ounces of silver for every one ounce of gold, but yet the market is setting at 82+ to 1. Makes no sense, but what would one expect in rigged markets.
Will we see a “V” pattern in silver with a fully recovery of this 0.20$ drop or will the cartel use this to push silver lower?